Wall St flat as US-China trade dispute lingers

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Stocks have barely moved on Wall Street, with the market held captive to the ongoing trade dispute between the US and China.

Technology shares led the stocks in decline — Cisco Systems dropped nearly 8 per cent after warning of a decline in revenue because of lower demand for its computer network parts amid the trade war.The Dow Jones closed down just 0.01 per cent at 27,781.Yesterday both indices hit record highs after the head of the US Federal Reserve gave an upbeat assessment of the US economy.

Data out overnight showed US producer prices rose by the most in six months, but claims for unemployment benefits also increased to a five-month high.Oil prices were mixed with Brent crude falling to $US62.29 a barrel. The Australian dollar had dropped to 67.8 US cents on the prospect of another cut in interest rates after

 

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China should be boycott for the regime human right crime that is not only against Muslim but also Christians, other cult-religion & occupation of Nepal plus the brutal repression in Hong Kong of Christian pro democracy. Just today news confirm human organ forced harvesting cover!

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Fresh trade worries rattle Wall Street, ASX may open higherAfter two days of falls, the Australian share market could be set to rise at the start of trade. Stocks on Wall Street give up some of their gains after reports US-China trade talks have hit a snag.
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