Market Reactions to China's Trade Stance

On Thursday, the US stock market presented a mixed opening, influenced by the Chinese Commerce Ministry's clear denial of any current 'economic and trade' discussions with the United States. Spokesperson Guo Jiakun emphasized the need for the US to lift its 'unilateral' tariffs, casting shadows over future trade relations.

Corporate Earnings Disappoint

Adding to the market's cautious mood, recent earnings reports from several US-based companies failed to meet market expectations, further unsettling investors.

Index Performances Highlight Divergence

The Dow Jones Industrial Average witnessed a decline of 0.47%, or 186 points, with International Business Machines Corp. leading the drop at 7.51%. Conversely, the Nasdaq 100 saw a modest gain of 0.40%, buoyed by Microchip Technology Inc's impressive 6.20% jump. The S&P 500 remained flat, while the euro gained strength against the dollar, reaching $1.13741.