Economics

U.S. Stocks Retreat, Treasuries Rise With Dollar: Markets Wrap

Traders weigh conflicting signals from U.S. and China on trade
Brent crude edges back toward $80; gold extends drop

Andrew Wilson, of Goldman Sachs, discusses the outlook for markets and his thoughts on investing.Markets: European Open.” (Source: Bloomberg)

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By Joe Easton and Jeremy Herron

May 17, 2018 at 10:19 PM UTC

Updated on

May 18, 2018 at 8:00 PM UTC

This article is for subscribers only.

U.S. stocks fell in light trading, the dollar rose and Treasury yields retreated as investors assessed conflicting signals on trade talks between the world’s two largest economies.

The S&P 500 Index edged lower on volume 8 percent below the 30-day average, adding to a weekly loss. Technology shares slid after Applied Materials Inc. reported weak results. Small caps pushed to a fresh record as the dollar headed for its strongest week since 2016. Brent crude held below $80 a barrel and gold halted a slide. The 10-year yield fell below 3.1 percent.