US stocks dip amid doubts on Brexit, China trade deal

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NEW YORK: Wall Street stocks finished modestly lower on Wednesday (Oct 16) following a disappointing US retail sales report and amid questions ...

and amid questions over Brexit talks and the state of US-China trade relations.

Market watchers also cited Chinese unhappiness after the US House of Representatives passed a bill defending civil rights in Hong Kong.The broad-based S&P 500 declined 5.99 points to 2,989.69, while the tech-rich Nasdaq Composite Index dropped 24.52 points to 8,124.18.Stocks are not"down very much but it suggests to me that some of the euphoria of the last week or so is fading," said FTN Financial's Chris Low.

Among individual companies, Bank of America climbed 1.5 per cent after reporting better-than-expected results on higher profits in consumer banking and most other divisions.

 

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