Wall Street was mixed on Thursday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.
President Donald Trump's warning that the U.S. would react strongly to China's plan for a national security law in Hong Kong has raised concerns over Washington and Beijing's possibly reneging on their Phase 1 trade deal.
The rhetoric knocked Wall Street off multi-month highs, although the main indexes were still set to add more than two per cent for the week, fueled by optimism about an eventual coronavirus vaccine and the easing of virus-related curbs.
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