Stocks slide as China cancels US farmer visit

Stocks traded lower on Friday after the Chinese trade delegation canceled a trip to US farms next week. The visit was seen as a gesture of goodwill to the Trump administration in the middle of trade talks between the two countries. Shares of Netflix plunged as much as 7% — dragging down the tech-heavy Nasdaq — after a Bernstein analyst said the company could fall as much as 21% before hitting a"theoretical floor." Visit the Business Insider homepage for more stories.

Stocks traded lower on Friday after the Chinese trade delegation canceled a trip to US farms next week. The visit was seen as a gesture of goodwill to the Trump administration in the middle of trade talks between the two countries. Shares of Netflix plunged as much as 7% — dragging down the tech-heavy Nasdaq — after a Bernstein analyst said the company could fall as much as 21% before hitting a"theoretical floor." Visit the Business Insider homepage for more stories.

You mean, the visit that Trump indicated would result in China buying tons of stuff from US farmers?🤔 trade tariffs

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