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US Stocks Mixed as Markets Weigh Trade Concerns

Major US stock indices were mixed going into the midday on Thursday as markets were spooked by the latest developments surrounding the trade dispute between the US and China after the Trump administration signaled that it is considering more than doubling its proposed tariffs on Chinese imports.

In economic news, the initial jobless claims rose 1,000 to 218,000, as expected, in the week ended July 28 after bouncing 9,000 to 217,000.

Factory orders rose 0.7% in June, versus the 0.9% forecast, after a 0.4% May gain.

Across the Atlantic, equities were also pressured by trade related concerns, while the Bank of England raised rates, as expected.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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