Stocks went into negative territory on Wednesday after report said President Donald Trump and Chinese leader Xi Jinping likely won™t meet to sign a trade deal until December.
The Dow Jones Industrial Average fell about 75 points, or 0.3%, while the S&P 500 was about 0.2% lower. The Nasdaq Composite declined 0.5% as big tech including Amazon, Microsoft and Facebook all underperformed. The 30-stock Dow hit another record close in the previous session.
The meeting between Trump and Xi could be delayed as the two sides still need to decide on the terms and a venue, Reuters reported Wednesday, citing a senior Trump administration official. The report also said it™s still possible the two countries will not reach a trade pact.
Source: CNBC
RELATED NEWS
HongKong stocks open with losses
Monday, 16 December 2019 08:57 WIBHong Kong stocks opened lower Monday morning as investors await details of a partial trade pact agreed between China and the United States at the weekend. The Hang Seng index eased 0.57 percent, or 157.26 points, to 27,530.50. But the benchmark Shanghai Composite Index edged up 0.11 percent, or 3....
Tokyo stocks open lower as profit-taking
Monday, 16 December 2019 07:32 WIBTokyo stocks opened lower Monday, with traders taking money off the table following a 2.55-percent rally in the previous session that was fuelled by a US-China trade deal and Britain's election. The benchmark Nikkei 225 index slipped 0.25 percent or 60.31 points to 23,962.79 in early trade, while t...
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIBHong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57 percent, or 693.62 points, to 27,687.76. The benchmark Sh...
Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal
Saturday, 14 December 2019 04:21 WIBThe S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial trade deal, which had sparked buying Thursday, faded as investors weighed aspects of the so-called phase-one pact. The Dow Jones Industrial Average closed up about 0.01% ...
European stocks close higher on US-China deal; UK stocks rally on election result
Saturday, 14 December 2019 00:08 WIBEuropean stocks closed higher Friday after news that the U.S. and China have reached a phase one trade deal, while the U.K.™s ruling Conservative Party won a commanding majority in the general election. The pan-European Stoxx 600 traded higher 1.09% to 412.02 by the close of trade, with travel an...
Gold prices rise on weaker dollar as traders weigh progress on U.S.-China trade
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal
U.S. oil futures settle above $60 for first time since mid-September
Gold Prices Slip on News of Phase One Trade News; U.K. Election in Focus
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB
A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will "have to go out and buy much larger tractors," according to President Donald Trump.
The U.S....