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The Stock Exchanges in New York Opened Mixed on Friday Trading Session

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The stock exchanges in New York looked for direction at the opening of Friday’s trading session. Investors processed another step in the tech company conflict between China and the United States.

 

The Trump administration announced that it would ban Apple and Google app stores from offering WeChat and TikTok apps in the US.

In addition, attention is paid to the impasse in American politics regarding new support against the corona crisis.

Shortly after the opening bell, the Dow Jones index recorded 0.2 percent lower at 27,872 points. The broad S&P 500 went up 0.1 percent to 3,359 points. Tech exchange Nasdaq won 0.3 percent to 10,939 points.

The US Department of Commerce announced that the movie app TikTok and chat app WeChat, both owned by Chinese companies, will no longer be offered in US app stores from next week. TikTok will have until November 12 to sell its American branch.

Shares of Apple and Alphabet, Google’s parent company, didn’t move very much on the news. They were down 0.5 percent and 0.1 percent respectively after about ten minutes of trading.

Software group Oracle lost 0.2 percent. The company was about to strike a deal with TikTok owner ByteDance to address US concerns about personal data management. Supermarket chain Walmart would also be involved in that transaction. The stock won 0.3 percent.

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