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Wall Street in mixed territory on U.S., China trade uncertainty and oil up 1% after fall in U.S. crude stockpiles

2019-05-09 9 Dailymotion

On Wall Street,<br />shares closed little changed in volatile trading day - rebounding from a deep sell-off this week - as investors remain unsure of the U.S., China trade deal outcome.<br />The Dow managed to snap a two-day losing streak - but just barely. The index finished a mere 2 points in the green... after opening the day lower and swinging up some 150 points at its highest point during trading.<br />The S&P 500 and Nasdaq closed point-2 percent and point-3 percent down, respectively, after spending much of the day in positive territory.<br />On the Korean bourse, the benchmark KOSPI ended lower on Wednesday as renewed U.S., China trade tensions and bleak China export data dented risk sentiment, while investors switched to safe-haven assets.<br />The tech-heavy KOSDAQ was also down by more than a percent.<br />Oil futures gained one-percent boosted by a surprise drawdown in U.S. crude stockpiles, but an escalating U.S.-Chinese trade fight limited its gains. <br />

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