NEW YORK - US stocks slipped on Friday after news that the Trump administration was considering delisting Chinese companies from US stock exchanges and limit US investments into China.
"You never know if it's a ploy to get some leverage on those talks... it could be just trying to rile up the base, but at face value, it's going to be a bit of a negative for the markets," said Scott Brown, chief economist at Raymond James in St Petersburg, Florida. In addition to trade headlines, investors will next week focus on the ISM's purchasing managers index data for September, especially after the August report showed contraction in the manufacturing sector, as well as the pivotal jobs report.
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