U.S. Stocks Fall on Trade Angst; Dollar Rallies: Markets Wrap
- Two-year Treasury yield rises ahead of Jackson Hole meeting
- President swings attention back to trade war with China
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U.S. stocks dropped and the dollar rallied the most in two weeks as the trade dispute with China showed no signs of easing. Commodities sank.
The S&P 500 Index edged lower for a second day as trade-sensitive stocks paced declines, while a rally in tech shares helped mute the benchmark’s drop. President Donald Trump signaled Thursday he’d press on with the trade war. Low-level delegates from China and the U.S. are wrapping up two days of trade talks as the nations hit each other with new levies on $16 billion of goods.