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Stocks Retreat as North Korea Summit Looks Iffy: Markets Wrap

  • Emerging-market assets rise as China, U.S. ease tensions
  • S&P 500 and Dow turn lower, dollar falls with gold and crude
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U.S. stocks erased early gains and turned lower Tuesday as optimism over improving trade relations with China gave way to renewed concerns about geopolitical tensions with North Korea. The dollar fell, Treasuries were steady and crude slid to a loss after surging to the highest since November 2014.

The S&P 500 Index tumbled with the Dow Jones Industrial Average and Nasdaq benchmarks in late trading after President Donald Trump cast doubt on a possible summit with North Korea during his Oval Office meeting with South Korea President Moon Jae-in.