Stocks dropped on Tuesday after Donald Trump slapped sanctions on Iran's supreme leader and a report indicated he"feels comfortable with any outcome" from his meeting with Chinese President Xi Jinping. The news fanned fears of an escalating conflict with Iran and an unending trade war with China. "Optimism is fading a little and we would expect investors to perhaps take some risk off the table ahead of the meeting," said Neil Wilson, chief market analyst for Markets.com.
Stocks dropped on Tuesday after Donald Trump slapped sanctions on Iran's supreme leader and a report indicated he"feels comfortable with any outcome" from his meeting with Chinese President Xi Jinping. The news fanned fears of an escalating conflict with Iran and an unending trade war with China. "Optimism is fading a little and we would expect investors to perhaps take some risk off the table ahead of the meeting," said Neil Wilson, chief market analyst for Markets.com.
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