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US stocks end flat amid impatience for concrete trade progress

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NEW YORK: Wall Street stocks were under pressure on Wednesday (Nov 6) as investors awaited concrete progress on US-China trade talks while ...

NEW YORK: Wall Street stocks were under pressure on Wednesday as investors awaited concrete progress on US-China trade talks while petroleum-linked shares fell with oil prices.AdvertisementBut investors remain uneasy over the lack of tangible headway after the two sides announced a preliminary verbal agreement on trade last month and Washington held off on tariff increases.

"Given that 80 per cent of the rally since September is based on the improvement in trade, it is natural that investors would be a little nervous each time the meeting gets pushed back," said Gregori Volokhine of Meeschaert Financial Services.Advertisement

 

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