The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City.
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Dow Jones Industrial Average falls 147 points
The Dow fell 147.63 points, or 0.58%, to close at 25,400.64. The S&P 500 dipped 0.21% to 3,029.73. The Nasdaq Composite advanced 0.46% to 9,368.99. Stocks closed lower after President Donald Trump said he would hold a news conference regarding China on Friday.
U.S.-China concerns dent sentiment
Banks slide
Bank stocks fell broadly on Thursday, giving back some of their strong gains for the week. Citigroup fell 5.93% while JPMorgan Chase slid 1.49%. Bank of America dropped 4.31%.
What happens next?
International trade numbers, along with personal income data, are set for release Friday. Federal Reserve Chairman Jerome Powell is also scheduled to speak.
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Stocks closed lower after President Donald Trump said he would hold a news conference regarding China on Friday.