U.S. equity markets slipped Friday as investors weighed China's efforts to tighten its grip over Hong Kong ahead of the Memorial Day weekend.

U.S. equity markets slipped Friday as investors weighed Chinese President Xi Jinping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend. The Dow Jones fell 23 points, or 0.09 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite dropped 0.06 percent and 0.07 percent, respectively. Beijing said Friday it would forego gross domestic product targets as it tries to revive its economy from the damage caused by the COVID-19 pandemic and that it would consider a national security bill bypassing Hong Kong’s legislature.Â

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