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Political turmoil pushed US indices on red

US indices red

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The US indices ended Tuesday trading session on red territory after stock prices surrendered due to worries related with the tensions in trade relations between the US and China.
The blue chip index Dow Jones Industrial Average wiped out 171 points, despite that at its peak during the session grew by 197.79 points. The shares of Microsoft were one of the worst performing in Dow, retreating by 2.4%.
The broader index S&P 500 declined by 0.6%, as the technology companies were performing bad finishing with decrease of 1.2%. Earlier in the day they enjoyed 0.9% growth.
The technological Nasdaq Composite finished the day with decrease of 1% and put an end to its 7-day growth.
Qualcomm shares were the worst performing in the S&P 500 technology sector, declining by 5%. This happened after US President Donald Trump blocked Broadcom’s acquisition of the company, citing concerns about national security.
VanEck Vectors Semiconductor ETF, which tracks stocks of chip makers, fell by 1.4% after reaching a historic peak.
Earlier today, the US President Donald Trump fired the Secretary of State Rex Tillerson. The president announced that CIA Director Mike Pompeo will be appointed for first diplomat and replacement on the vacant position.