Wall Street drops as tensions climb ahead of trade talks

REUTERS: U.S. stocks fell on Tuesday as hopes of progress in high-level trade talks were dashed by a report Washington was moving ahead with efforts to limit capital flows to China and the inclusion of some top Chinese startups to a blacklist.

"The headlines are painting a picture of a less optimistic tone to the trade talks this week," said John Zaller, chief investment officer of MAI Capital Management in Cleveland, Ohio. The Philadelphia Semiconductor index dropped 2per cent, while the technology index slipped 1per cent.sentifi.comThe Wall Street Journal reported friction between the United States and Europe could further delay efforts to resume flights of the planemaker's best-selling 737 MAX jets, which have been grounded since early 2019. Separately, Boeing said it delivered half the number of planes in the first nine months of 2019 than it did in the same period a year earlier.

Those bets were bolstered on Tuesday by data that showed U.S. producer prices unexpectedly fell in September.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street falls amid caution on US-China trade disputeU.S. stocks eased on Monday as reports on the U.S.-China trade front kept investors cautious ahead of scheduled talks later in the week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Mounting trade concerns bog down Wall StreetU.S. stocks tumbled on Tuesday as optimism faded over the outcome of trade talks after a report the Trump administration was moving ahead with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Wall St dips at open as caution sets in ahead of trade talks[NEW YORK] US stocks opened slightly lower on Monday as investors braced for US-China trade talks later in the week, after a rollercoaster start to the month on fears that the world's largest economy could be sliding into a recession. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »