US stocks fell during the trading day due to the continued escalation of the trade war, but later reduced its losses due to the rise of the energy sector in conjunction with high oil prices.
US President Donald Trump said his administration was not ready to conclude a trade deal with the Chinese side, which only wanted to negotiate and waste time, noting that his country would not deal with Huawei.
On the other hand, Trump said that he is not satisfied with the strength of the dollar, which in turn hurts exports and industrial activities in the country.
The US president has called on the central bank to cut interest rates by 1 percent, or 100 basis points, before the end of the year.
Government data showed today that the US producer price index rose 0.2% last month.
In the crude market, West Texas rose 3.7% to close at $ 54.50 a barrel, recording a weekly loss of 2.2%, the highest price in the session at $ 54.9 and the lowest price at $ 52.3.
Brent rose 2% to close at 58.53 dollars a barrel, and recorded a weekly loss of 5.4%, and record crude reached the highest price at 59.1 dollars and the lowest price at 57.1 dollars.
At the close of the session, the Dow fell 0.3% (equivalent to 90 points) to 26,287 points, recording a weekly loss of 0.8%, reaching the highest level at 26413 points and the lowest level at 26097 points.
The Nasdaq fell 1% (80 points) to 7959 points, recorded a weekly loss of 0.6%, and reached the highest level at 8020 points and the lowest level at 7910 points.
The S&P 500 fell 0.6% (19 points) to 2,918 points, and recorded a weekly loss of 0.5%, reaching the highest level at 2935 points and the lowest level at 2900 points.
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