U.S. stocks closed lower Wednesday after reports that a trade deal with China might not be finalized this year. The Dow Jones Industrial Average DJIA, -0.40% was about 114 points lower, or 0.4%, while the S&P 500 SPX, -0.38% fell about 12 points, 0.4%. The Nasdaq COMP, -0.
51% snapped a recent winning streak to close about 44 points lower, down 0.5%. All three indexes were well off the lows they hit in the early afternoon, after Reuters published a report suggesting the trade deal could slide into 2020. The trade uncertainties contrasted with stellar earnings results from retailers like Target Corp. TGT, +14.06% and Lowe's Cos. LOW, +3.91%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks seen lower after Trump threatens to hike tariffs on ChinaEuropean stocks were seen lower Wednesday morning after U.S. President Donald Trump threatened to hike tariffs on Chinese goods if Beijing does not agree to a trade deal.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to dip amid US-China trade uncertaintyCNBC's Eunice Yoon reported Monday, citing a government source, that Beijing is pessimistic about the trade deal.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks seen higher despite concerns for US-China trade talksEuropean markets are expected to open in positive territory on Tuesday despite uncertainty and pessimism over the outcome of trade talks between the U.S. and China.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to decline as Trump threatens higher tariffs if China doesn't strike a dealU.S. President Donald Trump threatened to raise tariffs on Chinese goods if the two economic powerhouses do not strike a deal.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks grab another round of records as Wall Street parses trade newsStocks finished slightly higher on Monday, carving out record closes for all three major equity benchmarks, as investors tried to gauge the progress on a...
Source: MarketWatch - 🏆 3. / 97 Read more »
Retail Whiplash, Trade Headwinds for Stocks & Tim Cook Meets President Trump by Squawk on the Street
Source: CNBC - 🏆 12. / 72 Read more »