US stocks pressured by Washington stimulus stalemate

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Major United States indices have a choppy session on Thursday, August 13, with the S&P 500 ending 0.2% lower.

Wall Street stocks mostly fell and European markets retreated as disappointment over stalled United States stimulus talks blunted the lift from better-than-expected US employment data.fell below one million for the first time since the coronavirus pandemic struck in March.

The parties in Washington"are miles apart and that's really disappointing," said FHN Financial's Chris Low. There have been concerns that rising tensions between the superpowers could scupper the agreement, which ended, or at least called a truce in a painful and long-running trade war that battered the global economy.

"After touting the stock market's miraculous recovery...[US President Donald] Trump would be vehemently against anything that would trigger a drop in stocks," he added.

 

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