Stocks finished in the red amid skepticism about a "phase one deal"
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| | 10/14/2019 | |
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Stocks Inch Lower On Trade Deal Doubts | By Lillian Currens | | Stocks finished a relatively quiet session lower today, after trading on both sides of breakeven amid waning optimism over Friday's partial trade deal between Beijing and Washington. Reports emerged that China wishes to continue trade talks before finalizing the "phase one" deal, which would require China to purchase up to $50 billion in agricultural goods from the U.S., among other stipulations. Meanwhile, Treasury Secretary Steven Mnuchin said another round of tariffs on Chinese goods will go into effect in December, if a deal hasn't been reached. A fast-approaching earnings season was also on investors' minds today, with a round of bank names set to report tomorrow. Against this backdrop, the Dow, S&P, and Nasdaq finished marginally lower. Continue reading for more on today's market, including: | >> Continue reading... | |
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