PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » General » Dow fell as US-China trade talks hit a snag again

As the U.S.-China trade negotiations hit another snag, Dow fell after record highs.

As the U.S.-China trade negotiations hit another snag, Dow fell after record highs. Photo by Markus Spiske on Unsplash

Dow fell as US-China trade talks hit a snag again

by PublicWire
November 14, 2019
in General
Reading Time: 2 mins read
0

After record closing highs on Wednesday, Dow and S&P 500 slid down by 0.1% and 0.5% on Thursday as stocks are falling amid the market worry on the state of the U.S.-China trade relations. The Dow Jones Industrial Average dipped 26 points or 0.1%. The S&P 500 traded 0.05% lower while the Nasdaq Composite slid 0.1%.

The dip is also attributed to the disappointing fall of Cisco Systems stocks that fell down by 7.8% on guidance and Walmart dipping 0.6% after an all-time high record. The tech sector is the biggest casualty in the S7P as if pulled back by 0.3%.

“The run-up was fueled by signs of a more conciliatory tone around trade,” said Keith Buchanan, portfolio manager at GLOBALT. “The news flow over the past week has turned a bit more normal, and the market really hasn’t come off its highs in any meaningful way.”

Buchanan, nonetheless, said that this is something they view as positive.

U.S.-China trade deal hits a snag (again)

The volatile negotiations between the U.S. and China was reportedly at a halt after disagreements over agricultural purchases. On Wednesday, reports reveal that China will resist all attempts of the United States to request to curb all tech transfers as well as other enforcement mechanisms.

An “in-depth” discussion overnight is being held for both parties talking about the possibility of a phase one deal, said Chinese Ministry of Commerce spokesman Gao Feng. However, the minister said that the key to productive negotiation is rolling back of tariffs for the two parties to reach an agreement finally.

“While signs of progress toward a US-China Phase 1 deal are welcome, a number of key points will need to be negotiated, including timing, enforcement and terms,” said Mark Haefele, global chief investment officer at UBS Global Wealth Management, in a note.

Previous Post

Bitcoin price to fall to $900 in 2021, analyst claims

Next Post

Fukushima poised to build the newest renewable energy hub

PublicWire

At PublicWire, we know the vast majority of all investors conduct their due diligence and get their news online in a variety of ways including email, social media, financial websites, text messages, RSS feeds and audio/video podcasts. PublicWire’s financial communications program is uniquely positioned to reach these investors throughout the U.S. and Canada as well as on a global scale.

Related Posts

General

China Opposed U.S. Audit Plans

May 24, 2020
0
JetBlue gives 100,000 free flights to healthcare workers.
General

JetBlue Announces ‘JetBlue Healthcare Hero’ Program — Giving Away 100,000 Free Flights to Healthcare Workers

May 6, 2020
0
Trans-Pacific flights are most likely to be affected the most with demand declining up to 80% due to the pandemic.
General

American Airlines is looking into canceling up to 60% of its summer schedules as the pandemic continues to push demand down

April 2, 2020
0
Louisiana tops the list of states with the most number of increase in unemployment insurance claims because of the COVID-19 pandemic.
General

Here are the states that suffered the most unemployment due to COVID-19 pandemic

April 2, 2020
0
A report reveals that China is deliberately faking the number of COVID-19 cases and deaths.
General

China is underreporting COVID-19 cases, U.S. intelligence community says

April 1, 2020
0
Kristalina Georgieva also expressed her delight seeing that world leaders are realizing that a coordinated effort can quell the effects of COVID-19.
Finance

The world economy is on ‘recession,’ says IMF chief

March 28, 2020
0
Next Post
Fukushima to build a new renewable energy hub.

Fukushima poised to build the newest renewable energy hub

Please login to join discussion

Subscribe To Our Newsletter

Loading
Ad
PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2022 publicwire.com

Navigate Site

  • About
  • Contact Us
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • Videos

© Copyright 2022 publicwire.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.