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Wall Street Stocks Trade Mixed at Open
The Wall Street stock market was trading mixed early in the session today, when it was announced that Russia and China will continue to work to develop their auto industries in the face of U.S. tariffs.
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Economia Wall Street
At 2:45 p.m. (Lisbon time), the Dow Jones index fell 0.04% to 39,891.61 points and the Nasdaq technology index rose 0.06% to 16,754.43 points.
The broad S&P 500 index stood at 5,312.92 points, up 0.09%.
On Wednesday, the New York Stock Exchange closed higher, with the Dow Jones gaining 0.88%.
Russia and China will continue to work together to develop their automotive industries, in the face of increased tariffs imposed by the United States on Chinese electric cars, Russian President Vladimir Putin said today.
"We welcome cooperation with Chinese friends in the field of automotive production, where Chinese companies are achieving clear and very obvious success," Putin said in a joint statement to Chinese and Russian media after meeting with Chinese President Xi Jinping in Beijing.
"We will continue to develop this cooperation," he added, stressing "the negative impact of various illegal sanctions and restrictions" on the sector.
The Russian leader's support for the Chinese auto industry comes after US President Joe Biden accused Beijing of cheating.
This week, Biden quadrupled tariffs on electric vehicles from China, from 25% to 100%.
Read Also: Inflation drop in the US drives Wall Street indexes to record high (Portuguese version)
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