Stocks have a bumpy ride after Trump cancels meeting with Kim Jong Un [Los Angeles Times (CA)]
S&P Global Inc. (SPGI)
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Source: Los Angeles Times
Stocks have a bumpy ride after Trump cancels meeting with Kim Jong Un U.S. stock indexes finished mostly lower Thursday as energy companies skidded along with oil prices. The market dropped after President Trump said he canceled a meeting with North Korean leader Kim Jong Un, but recovered most of those losses. Five takeaways from Trump's decision to cancel talks with North Korea's Kim Jong Un » Crude oil futures and energy companies fell as investors reacted to reports that OPEC nations may start producing more oil. Banks fell as interest rates edged down, and car companies including Fiat Chrysler and Toyota dropped as the Trump administration considered tariffs on imported cars and car parts, a move that was criticized by the governments of China, Japan and the European Union. The Dow Jones industrial average fell as much as 280 points in the morning, more than 1%, after Trump said the June meeting with Kim was off. In a letter, Trump said he was canceling the summit because of
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