div > div.group > p:first-child"> The Dow Jones Industrial Average dipped 14.11 points to 26,143.05 as Apple slipped 0.8%. The S&P 500 posted a marginal gain to end the day at 2,888.32 while the Nasdaq Composite slipped 0.2% to 7,947.36. Thursday's session saw the lowest trading volume since Dec. 24.
Stocks initially rose Thursday as investors cheered progress on U.S.-China trade talks. The Wall Street Journal reported that China agreed to open its cloud-computing sector to foreign companies in an attempt to sweeten a deal with the U.S. Investors also weighed news that talks between EU leaders and British Prime Minister Theresa May culminated in a"flexible extension" of the U.K.'s departure from the bloc until Oct. 31.
"This met current market expectations," said Tom Essaye, founder of The Sevens Report."But Fed officials also didn't see any need to cut rates at this point either, and there wasn't even much of a discussion of a future rate cut, which obviously highlights a discrepancy between Fed rate forecasts and market expectations."
About to enter bear territory
DOW since January 26, 2018? 26,616.71 to 26,143.05 📉 Under Obama? 7,550.29 to 19,827.25 📈
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »