div > div.group > p:first-child"> The Dow Jones Industrial Average opened 11 points higher, while the S&P 500 and Nasdaq Composite chopped around the flatline.
Earlier this week, sources told CNBC the U.S. and China were in the"final stages" of trade talks, with the two sides planning a Mar-a-Lago summit for the end of the month. U.S. Secretary of State Mike Pompeo also said Monday he thought Washington and Beijing were"on the cusp" of reaching a deal. However, there is growing fear that an agreement may be fully priced in, possibly limiting any more gains from positive trade news.
Investors also digested key economic data on Wednesday. ADP and Moody's Analytics said private payrolls rose by 183,000 in February. Economists polled by Dow Jones had forecast a gain of 185,000. January payrolls were revised higher by 87,000 to 300,000.
Stocks fell at the close, with the major indexes posting their 3rd consecutive decline, as investors took a breather following sharp gains this year.
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