U.S. Market Review - 12 of August 2019

The selling mode on Wall Street is still with some violent protests in Hong Kong taking place.In fact, the Hong Kong International Airport cancelled all departures for the remainder of the day.

Dow Jones Industrial Average slipped 284 points, or 1.08%, while the S&P 500 dropped 0.93%. The Nasdaq Composite declined 0.89%.

There are still many questions regarding the U.S.-China trade war and a global economic slowdown have resulted in interest rates to retreat.

Caterpillar and Boeing both fell around 1%, while Google’s parent Alphabet and Amazon tumbled 0.92% and 0.86% accordingly.

Retailers also suffered as Office Depot fell 5% while Macy’s and Nordstrom both dropped around 2%