Wall Street flat as U.S.-China trade deal optimism fades [Reuters]
Exxon Mobil Corporation (XOM)
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Source: Reuters
Wall Street flat as U.S.-China trade deal optimism fades - Reuters 4 Min Read (Reuters) - U.S. stocks halted a three-day winning streak on Monday, as oil prices dived 2% and rising doubts over how quickly a partial U.S.-China trade deal announced on Friday could be sealed. Energy majors such as Exxon Mobil Corp and Chevron Corp were the biggest drags on the S&P 500 index, as oil prices gave up last week’s gains following caution around the trade deal. The S&P 500 and Dow Jones indexes had ended Friday with their first weekly gain in a month after Washington signaled the two sides had taken a major step in easing the tit-for-tat measures that have hammered global growth this year. Trump, however, acknowledged the agreement could still collapse and a handful of media reports and comments from Treasury Secretary Steven Mnuchin left investors feeling less upbeat about what had really been achieved. Mnuchin said in a CNBC interview that he had “every expectation” that if a U.S.-China trade
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