U.S. stocks fell on Thursday as worries that the United States and China may not...
- U.S. stocks fell on Thursday as worries that the United States and China may not be able to strike a trade deal overshadowed strong earnings reports from Apple and Facebook.
All of its 11 major sectors were either trading flat or in the red. Interest-rate sensitive bank stocks .SPXBK shed 1.5%, a day after the Federal Reserve lowered borrowing costs for the third time this year. However, Trump said the two countries would soon announce a new site where a “Phase One” trade deal will be signed after Chile canceled a planned summit set for mid-November.
The trade-sensitive industrials sector .SPLRCI shed 1.23%, while China exposed chipmakers also fell, with the Philadelphia Semiconductor index .SOX slipping 1.14%.
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