US-CHINA: Stocks down close to 400 points

Reuters/nyse/Ben Hider

Stocks fell as a wave of selling that analysts attributed to mounting doubts about a trade deal pulled lower shares of everything from banks to technology companies.

Worries about the path of U.S.-China trade negotiations and the global economy have kept stocks and bond yields under pressure.

Goldman Sachs analysts said the outlook for trade talks had “collapsed,” and they believe Washington and Beijing won’t reach a pact before the 2020 elections.

The Dow industrials ended down 389.73 points, or 1.5%, at 25897.71. The S&P 500 declined 35.56 points, or 1.2%, to 2883.09, and the Nasdaq Composite fell 95.73 points, or 1.2%, to 7863.41.

Read more at the WSJ


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