RPT-US STOCKS-Wall St dips after Trump cancels N.Korea summit; Netflix gains [Reuters]
GE Aerospace (GE)
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Source: Reuters
Wall Street dips after Trump cancels North Korea summit; Netflix gains | Reuters 4 Min Read NEW YORK (Reuters) - U.S. stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and General Electric. Trump’s order on Wednesday for an investigation into whether vehicle and auto part imports had damaged the U.S. auto industry could further complicate trade negotiations with China and other trading partners. Early Thursday, Trump canceled the June 12 meeting citing Pyongyang’s “open hostility,” even after North Korea followed through on a pledge to blow up tunnels at its nuclear test site. But stocks recouped much of the day’s losses by the end of the session, and market participants said the sharp drop after the summit was canceled was a knee-jerk reaction. “People were genuinely pleased that it was going to happen,” said Peter
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