Wall Street Opens Steady; Boeing Drops 2% on Trade Tensions

USA stock exchanges are trading near zero in Tuesday's opening trade. Boeing – which is now affected by President Donald Trump's trade war – is losing around 2 percent.

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Wall Street Opens Steady; Boeing Drops 2% on Trade Tensions
Photo: Richard Drew/AP/TT

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After a few minutes of trading, the Dow Jones index has increased by 0.2 percent, the technology-heavy Nasdaq composite index by 0.4 percent, and the broad S&P index by 0.3 percent.

Earlier on Tuesday, it became known that the Chinese government has ordered the country's airlines not to accept further deliveries of aircraft from the American aircraft manufacturer Boeing – and the stock is falling by around 2 percent.

The information came after a trade war has erupted between China and the USA, where tariffs have been imposed on goods from the other country at 125 and 145 percent, respectively.

Major bank Citigroup reported a strong result on Tuesday, and at the opening, the stock rises by 1.4 percent. Bank of America also exceeded expectations, according to Tuesday's report, and increases by 3.8 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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