US Stocks Close Mixed

Video Credit: Wochit News
Published on August 7, 2020 - Duration: 00:33s

US Stocks Close Mixed

Reuters US equities closed mixed on Friday as traders weighed escalating US-China tensions against rosy labor-market data.

President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent.

The orders ban US transactions with the apps in 45 days.

The US on Friday placed sanctions on 11 Chinese officials and their counterparts in Hong Kong.

On the economic data front, the US added 1.8 million jobs in July.

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Donald Trump

45th president of the United States
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TikTok

Video-sharing application
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ByteDance

Chinese multinational internet technology company
Illustration by Alex Castro / The Verge

TikTok’s chief security officer says in new court documents that the US Commerce Department has..
5 days ago • The Verge

Tencent

Chinese internet conglomerate
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