Wall Street edges lower as Trump adds to trade talks uncertainty
Wednesday, 23 May 2018 23:36 WIB | MARKET UPDATE |DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq

U.S. stocks were slightly lower on Wednesday after President Donald Trump's latest comments fueled skepticism over U.S.-China trade talks and ahead of a Federal Reserve report that could indicate the pace of future rate hikes.

Trump signaled a new direction for the trade talks, saying the current track appeared œtoo hard to get done, a day after telling reporters that he was not pleased with the recent talks.

U.S. Treasury Secretary Steven Mnuchin™s announcement over the weekend that the two countries had put the prospect of a trade war œon hold had raised expectations that the world™s two largest economies would be able to avert a damaging trade war.

Dow Jones Industrial Average was down 98.77 points, or 0.40 percent, at 24,735.64, the S&P 500 was down 7.61 points, or 0.28 percent, at 2,716.83 and the Nasdaq Composite was down 12.11 points, or 0.16 percent, at 7,366.35.

U.S. 10-year Treasury yield fell to a six-day low. Of the 11 major S&P sectors, only utilities, real estate and healthcare were higher.

Source: Reuters

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