This morning (PST) all three major US indices are in the red perhaps because of several news items. China seems to have restricted its government officials from using iPhone. That seems to be adding to the US-China trade tensions. In economic news, US trade deficit seems to have grown less than estimated in July. August ISM data showed that services sector expanded more than estimated. Oil prices fell this morning and last week's mortgage data showed that applications dropped to a level not seen in decades. Beginning of September is certainly living up to its reputation.
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