[NEW YORK] The S&P 500 slipped on Thursday, snapping a three-day streak of gains, as uncertainty over when a trade deal between the United States and China would be reached left investors on edge.
Bloomberg reported on Thursday that a meeting between the two was more likely to take place in April at the earliest.Chipmakers, which rely on China for a large portion of their revenue, lost ground, with the Philadelphia SE chip index off 0.6 per cent."The good news is mildly negative news on China trade doesn't tip the apple cart over anymore," said Art Hogan, chief market strategist at National Securities in New York.
The Dow Jones Industrial Average rose 7.05 points, or 0.03 per cent, to 25,709.94, the S&P 500 lost 2.44 points, or 0.09 per cent, to 2,808.48, and the Nasdaq Composite dropped 12.50 points, or 0.16 per cent, to 7,630.91. After the bell, Facebook's stock was down 1.5 per cent after chief executive officer Mark Zuckerberg said in a blog post that chief product officer Chris Cox will leave the social media network.
Apple Inc rose 1.1 per cent to US$183.73, extending recent gains, after brokerage Cowen and Co started coverage with an"outperform" rating. An Apple-led technology rally has propped up markets recently.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500, Nasdaq gain after tame inflation data; Boeing weighs on DowNEW YORK: The S&P 500 and Nasdaq rose on Tuesday after tame inflation data supported the Federal Reserve's dovish stance on rate hikes, but the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US, China to observe market forces on currencies: People's Bank of China Governor YiBEIJING (BLOOMBERG) - China and the US have reached consensus on many 'crucial' issues, including a commitment to observe market-oriented exchange rate mechanisms, People's Bank of China Governor Yi Gang said.. Read more at straitstimes.com. Drhbrteeytfftfgivv
Source: The Straits Times - 🏆 8. / 63 Read more »
China within 'weeks' of concluding trade talks, says US trade representativeWASHINGTON: Washington's top trade official on Tuesday (Mar 12) said the United States and China are likely to conclude their trade negotiations ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China trade talks within 'weeks' of accord, says US trade representativeWASHINGTON: Washington's top trade official on Tuesday (Mar 12) said the United States and China were likely within 'weeks' of ending their trade ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China says working with US day and night to get trade dealBEIJING: China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump team has no plan to go to China for trade talks: US officialWASHINGTON (REUTERS) - Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks although there is much work left to be done to reach a deal, White House trade adviser Clete Willems said on Friday (March 8).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Trump says US will do 'very well' with or without a trade deal with ChinaWASHINGTON: President Donald Trump on Friday said he is confident the United States can forge a trade deal with China, but added that he thinks ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Macau casinos still booming despite US-China trade warMACAU The trade war may have sent ripples of uncertainty through the world's second largest economy, but one corner of China has so far remained steadfastly buoyant - the gambling enclave of Macau. In the past few weeks, Macau's four casino giants - SJM, Sands China, Galaxy...
Source: thenewpaper - 🏆 7. / 63 Read more »
US-China trade talks progressing quickly: Trump, MnuchinPresident Donald Trump said on Thursday the United States was doing very well in trade talks with China, but that he could not say whether a final ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US Treasury's Mnuchin expects elements of China trade talks resolved soonThe Trump administration is discussing a thick tome of ideas with Chinese officials as the two sides seek a trade deal, with Washington expecting ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »