US stocks dip ahead of earnings deluge

NEW YORK: Wall Street stocks ended slightly lower on Monday ahead of a wave of key earnings reports, and as markets weighed last week's partial trade agreement between the United States and China.

"Stocks won't fall that much because the trade situation has improved between China and the United States," said Gregori Volokhine of Meeschaert Financial Services. The broad-based S&P 500 shed 4.12 points to close at 2,966.15, as did the tech-rich Nasdaq Composite Index, which finished at 8,048.65.

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US outlines 'Phase 1' trade deal with China, suspends October tariff hike[WASHINGTON] US President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »