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S&P 500 dips as Intel slide counters trade hopes

Published 05/08/2019, 04:11 PM
Updated 05/08/2019, 04:11 PM
© Reuters. Charles Harrington, Chairman, CEO and President of the Parsons Corporation, celebrates his company's IPO at the NYSE in New York

NEW YORK (Reuters) - The S&P 500 fell on Wednesday as a late slide in shares of Intel Corp (NASDAQ:INTC) erased earlier gains fueled by hopeful notes from the White House regarding the status of trade negotiations with China.

The Dow Jones Industrial Average rose 1.96 points, or 0.01%, to 25,967.05, the S&P 500 lost 4.51 points, or 0.16%, to 2,879.54 and the Nasdaq Composite dropped 20.44 points, or 0.26%, to 7,943.32.

Latest comments

Why. There will be no deal. China isn't about trade, it's about global ****
Sooner or later, nicely or roughly, there should be someone stands out loud and correct China ******* It is good for the world future. Bravo Trump my cowboy.
I'd like to see Trump up the 25% to 45% on all China goods. 25% is a good start. Markets in China are crumbling, which is good.
I agree with you 100%.  It's real dirty to have a negotiating party at the last minute try to get  out of an agreement to comply when that was the main theme for the trade talks.  China is not playing fair, never has, and I think they should even at the cost of the markets hit them with these tariffs if they choose to not deal in good faith.  If they don't do something about the trade deficits now, the markets will lose much worse in the future.  Short term pain for long term gain.
Good But not this time, I am in loss now!
nobody wins with tarrifs. please do your research.Trade deficits don't matter.Let's say the US doesn't do tradeor business with a certain country so there is no deficit. Then one day that country invents a cure for cancer.US businesses then want to buy $1 billion worth in the cure for cancer from that country. The US then would have a $1 billion trade deficit. would that be a bad thing because we purchased a cure for cancer? No, its obvious that we would be better off with the cure.Now lets say we are trading with another country and they have a cure for lung cancer and we have a cure for bone cancer. Then they decided to put a 20% tax on the cure for bone cancer being imported in. So now they make more expensive for their people to get a cure for bone cancer. Do you think it would then benefit us if we retaliated by putting a tax 20% tax on lung cancer? Now let's say both countries have cures for lung cancer and bone cancer. If they still decide to tax it. Sure it
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