S&P 500 falls for a fourth straight day as Wall Street gets ready for US-China trade talks [CNBC]
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Source: CNBC
S&P 500 falls for a fourth straight day as Wall Street gets ready for US-China trade talks The S&P 500 The broad index closed 0.1% lower at 2,913.78, giving up gains from earlier the day. The Dow Jones Industrial Average Nasdaq Composite Stocks traded higher for most of Wednesday's session after Treasury Secretary Steven Mnuchin told CNBC's Hadley Gamble "This clearly highlights how the escalation of the trade conflict in May negatively impacted stock returns while a trade resolution will lift them back up," said Nick Raich, CEO of The Scout, in a note. However, "this is not new talk from Mnuchin." Bloomberg News also reported, citing sources, that the U.S. was willing to suspend tariffs on $300 billion worth of Chinese goods as the two sides resume trade talks. Trump told Fox Business that a U.S.-China trade deal was possible, but noted he is " very happy Trade talks stalled last month after the U.S. hiked tariffs on billions of dollars worth of Chinese imports. China retaliated wi
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