NEW YORK - Wall Street stocks finished lower on Monday following a choppy session as the market fluctuated with shifting signals on the direction of US-China trade talks.
Briefing.com attributed a mid-afternoon surge and subsequent swoon in stocks to news reports that first talked up progress only to subsequently emphasize the gap between the two sides. "People are hoping for a swift resolution but realistically they know that most likely they will kick the can down the road because they are still too far apart on several fundamental issues." The Dow Jones Industrial Average dropped 0.4 per cent to 26,477.75.
Besides trade, investors await key data on consumer prices, as well as minutes from last month's Federal Reserve meeting. The market is also beginning to think about third-quarter earnings season, which begins this week and gets going in earnest next week.
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