US stocks drop after China escalates tensions with consulate order

Business Insider Friday, 24 July 2020 ()
· *US stocks slipped on Friday after China ordered the closure of the US Consulate in Chengdu, ratcheting up tensions between the economic superpowers.*
· *The US made a similar order on Wednesday, reviving fears of a tit-for-tat economic conflict.*
· *Investors also weighed earnings misses from Intel and American...
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Video Credit: Reuters Studio - Published
News video: U.S. orders China to shut Houston consulate

U.S. orders China to shut Houston consulate 01:18

 China said on Wednesday the United States had abruptly told it to close its consulate in the city of Houston, a move that Beijing said it strongly condemns, threatening retaliation. Firetrucks were seen outside and U.S. media reported documents were being burned in the courtyard.