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Dow Tumbles on China Pessimism, Nasdaq Rises on Tech Rebound
The Dow Jones Industrial Average falls Friday amid pessimism over trade negotiations between the U.S. and China.
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Wall Street Overview
Stocks were mixed on Friday, Feb. 8, as investors increasingly grew concerned that Donald Trump's decision not to meet with Chinese President Xi Jinping before their self-imposed deadline for a trade deal signals a lack of progress in the months-long negotiations.
Trump told reporters in the White House that he has no plans to meet Xi between now and March 2, when his administration has vowed to increase tariffs on $200 billion worth of China-made goods to 25% from 10% if a trade deal isn't in place. Trump's brief comments suggested talks, which resume next week in Beijing with U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, remain stuck on key issues such as China's broader market reforms and intellectual property protections.
The Dow Jones Industrial Average fell 0.25%, or 63 points to 25,106, the S&P 500 rose 0.07%, and the Nasdaq gained 0.14%.
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https://www.thestreet.com/markets/stocks...y-14859630
The Dow Jones Industrial Average falls Friday amid pessimism over trade negotiations between the U.S. and China.
...
Wall Street Overview
Stocks were mixed on Friday, Feb. 8, as investors increasingly grew concerned that Donald Trump's decision not to meet with Chinese President Xi Jinping before their self-imposed deadline for a trade deal signals a lack of progress in the months-long negotiations.
Trump told reporters in the White House that he has no plans to meet Xi between now and March 2, when his administration has vowed to increase tariffs on $200 billion worth of China-made goods to 25% from 10% if a trade deal isn't in place. Trump's brief comments suggested talks, which resume next week in Beijing with U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, remain stuck on key issues such as China's broader market reforms and intellectual property protections.
The Dow Jones Industrial Average fell 0.25%, or 63 points to 25,106, the S&P 500 rose 0.07%, and the Nasdaq gained 0.14%.
...
https://www.thestreet.com/markets/stocks...y-14859630
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