U.S. Stocks End Mixed as Trade War Concerns Ease: Markets Wrap
- West Texas crude slides to $61; greenback erases gain
- Hassett suggests Canada, Mexico may be spared severe levies
This article is for subscribers only.
U.S. stocks erased deep losses to end the day mixed as White House officials left open the possibility that President Donald Trump’s tariff proposals will spare neighbors from the most severe penalties. The dollar and Treasuries erased gains.
The S&P 500 Index was little changed after falling as much as 1 percent during a session marked by thin trading. Investors spooked by the departure of pro-trade adviser Gary Cohn took solace in comments from White House Council of Economic Advisers Chairman Kevin Hassett that indicated the trade policy is not yet finalized.