Wall Street stocks finished mixed on Friday (Aug 7), with the Nasdaq retreating from a record following solid US jobs data as Washington talks on ...
NEW YORK: Wall Street stocks finished mixed on Friday , with the Nasdaq retreating from a record following solid US jobs data as Washington talks on a new spending package remained stalemated.
The latest talks between Democratic congressional leaders and Trump administration officials again ended with finger-pointing."Another fiscal package is urgently needed, but alarmingly, policymakers may be at an impasse," said a note from Oxford Economics."Failure to reach an agreement adds downside risk to an economy that is already at a critical juncture."
The move came after Trump Thursday night announced sweeping restrictions against Chinese-owned social media giants TikTok and WeChat, drawing a rebuke from Beijing, which slammed the move as"arbitrary political manipulation and suppression."
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