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US stocks open lower over Spain terror attack, Charlottesville violence

Investors have been keeping a watch on the news which has weighed on the market in two sessions

IANS  |  New York 

President Donald Trump speaks about the US role in the Paris climate change accord on Friday in the White House, Washington, US. Photo: AP/PTI
President Donald Trump | Photo: AP/PTI

opened lower on Friday, as investors grew worried amid the administration's strained relationship with business leaders.

US President said earlier this week that he was disbanding both the Manufacturing Council and Strategy and Policy Forum, as business leaders resigned from the council over his remarks on the

Investors have been keeping a close eye on the news, which has weighed on the market in these two sessions.

On Thursday, the Industrial Average suffered its biggest decline in three months, Xinhua reported.

"Maybe it's just us, but it seems an equity correction is clearly overdue if just yesterday (Thursday) started worrying about Congress not working with Trump," said Chris Low, chief economist at FTN Financial, on Friday.

have posted solid gains since the election day last year on high hopes for Trump's policies.

But investors now wondered whether President would be able to move forward his economic agenda.

Meanwhile, European stocks suffered losses following double terrorist attacks in Barcelona, in which 14 people were killed and more than 100 others injured.

Shortly after Friday's opening bell, the Industrial Average lost 22.88 points, or 0.11 percent, to 21,727.85. The S&P 500 shed 4.70 points, or 0.19 per cent, to 2,425.31. The Index was down 1.58 points, or 0.03 per cent, to 6,220.34.

First Published: Fri, August 18 2017. 21:52 IST