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Wall Street falls on concerns of U.S.-China trade deal delay

Published 11/20/2019, 04:16 PM
Updated 11/20/2019, 04:16 PM
© Reuters. Traders work on the floor at the NYSE in New York

NEW YORK (Reuters) - Wall Street's main indexes closed lower on Wednesday on concerns a "phase one" trade deal between Washington and Beijing may not be completed this year.

The Dow Jones Industrial Average (DJI) fell 113.61 points, or 0.41%, to 27,820.41, the S&P 500 (SPX) lost 11.78 points, or 0.38%, to 3,108.4 and the Nasdaq Composite (IXIC) dropped 43.93 points, or 0.51%, to 8,526.73.

Latest comments

Lol
I suggest looking at the price manipulation over the last few weeks on the market SP500 and Down Jones.. One Big speculation. Should take care of this matter..federal prosecutors.
The SEC hasnt been doing a great job lately.
The problem I see with the news is that by the time it reaches our eyes, the institutional traders have already taken action on it. Retail traders take actions too late and then sell off when they realize what they have done.
The only person who is making money is trump
Think positive man. Learn how to make money in this beautiful market.
Down to where? 2950?
That is how it works. A very negative announcement comes out, say the tariffs will rise, and the markets get nervous.  Then to counter this, they announce talks continue and only a postponement to the phase 1 of the trade deal. There are some that know this all too well and play those announcements, and entice all the small fry into buying and then selling what they bought earlier back to the small fry. There are those that are making money off these announcements, it is the majority of the people that do not. Personally I look at the longer picture and ignore, the very short term blips. I find it more peaceful.
I guess some people like to day trade and some people like to invest longer term.
US banks running up oil prices.
only Trump earning in this market
If you’re not making any money in this market, you need to get out now before you lose everything.
I can’t believe how naive and gullible Wall Street is about Trump’s China Trade talk comments. If Trump says the talks are positive, the markets soar. If Trump says no deal is in the offing, the markets crater. Hasn’t Wall Street learned that POTUS has absolutely no pulse on ANYTHING....China Trade Talks, Ukraine, nor anything else he’s screwed up. And nor do the people he’s surrounded himself with....you know, all the BEST people that he promised to bring in during the campaign. Now I know what he meant by “sad.”
Thom preaches truth! My thoughts exactly.
I think it is amazing the way 'officials' from the Trump administration are communicating every up and down in the process. They look like children with words on their tongue. They better do their job and fix relations with all trading partners. But as they are rude and arrogant to others they will not succeed.
Oh oh
that's because the fundamentals can't justify the valuations. rumors are all there are to trade on right now or the market has to accept it's been way to rosy about the future.
The China Lion is still King ... cause when she is mad, it gets ugly. This Lion is fierce and will attack if she gets poked.
you mean China snake?
Here comes a loud China Roar.... red across the board for all markets.
Calm down and take your morning meds.
 That's funny, coming from a guy who shows up on every posts talking about how China is going to conquer the world, it's a lion, it's gonna roar, blah blah.  I guess the Politboro must be having some budget cuts and is forced to use trolls like you to get their message out, huh?
Did you take afternoon meds yet?
rumors of a deal market jumps up. rumors of a delay and the market stagnates or drops a little. rumors of rumors heard third hand and the market jumps. this is a bs system.
I did not see his mad but seeing you are mad. What a joke.
It's getting hallarious watching the stock market trade based on Trump speak.
Just profit off it
that's because the fundamentals can't justify the valuations. rumors are all there are to trade on right now or the market has to accept it's been way to rosy about the future.
The Fed Reserve is propping up the market per trumps requests to help him politically. Trump is as desperate as can be to stay out of prison so he will do and say anything to get reelected including manipulating the stock markets and extorting foreign powers and helping Putin for favors of political help, all in order to avoid jail for all the crimes he can and should be charged with before the statute of limitations runs out. All of this is so very obvious. Trump is a huge stain on our country.
 So you think Trump is the reason for succes? You think America is doing great? I think America will loose the China war and the economy will be hurt much more than China's. In this world you can do very well by screaming, hurting, being rude and selfish. That is what Trump is. I live in the Netherlands, we laugh about him. Hope he will be removed soon and we can go on with building a sustainable society.
Have you checked the interest rates of our economic competitors? Isn't it possible that ours have been reduced to help level the field? I think your TDS is flaring up again..
Do you folks miss stealing cookies from your endless ATM? Do you shill for China, and hope for America's demise because you can no longer get your free lunch on the backs of Americans? Sounds like it. Try not to lose sight of who are democracies pledged to defend you, and who are autocratic dictatorships. You might no like what you wish for.
Banks keeping gasoline prices up to support Aramco IPO.
Most Asian nations are winning while China is losing. This rebalancing of power will be good for the region as military and economic alliances are strengthened.
yeah, it's finally a good time methinks to get back into the Japanese market - especially arms tech - they now know the Yanks will be pulling out and they'll be doing some serious fiscal stimulus to build up the Rising Sun military again - great time to buy!
this rhetoric is overplayed and tiresome
US is attacking China on two fronts (economically and socially). even if trump gets impeached or doesn't get reelected this war just beginning. up next forcing Chinese companies to delist and having american companies pull manufacturing from china.
true!
yes, it's trade wars, currency wars and by the end of the 2020s, full scale military wars - World War III is now in sight. Prepare accordingly. Iran, Russia, China are getting cosy! It may not come to that if of course the dollar collapses and no longer becomes the global reserve currency before that - that will weaken the US so much burdened with vast amounts of unsustainable debt, that they won't have the means to take on China and Co. Buy precious metals and a bit of crypto!
right. because the world is going to suddenly have more confidence in the yuan, ruble or euro? good luck with that.
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