Trump announcement sends stocks lower

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Trump announcement sends stocks lower


The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City.

Spencer Platt | Getty Images

Dow Jones Industrial Average falls 147 points

The Dow fell 147.63 points, or 0.58%, to close at 25,400.64. The S&P 500 dipped 0.21% to 3,029.73. The Nasdaq Composite advanced 0.46% to 9,368.99. Stocks closed lower after President Donald Trump said he would hold a news conference regarding China on Friday

U.S.-China concerns dent sentiment

Banks slide

What happens next?

International trade numbers, along with personal income data, are set for release Friday. Federal Reserve Chairman Jerome Powell is also scheduled to speak.

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