U.S. Stocks End Winning Streak With Trade in Focus: Markets Wrap
- S&P 500 Index closes slightly lower, near one-month high
- Dollar and West Texas oil little changed; Treasuries steady
This article is for subscribers only.
U.S. stocks ended their longest winning streak in two months as investors weighed the outlook for trade talks and interest rate policy. Treasuries were steady along with the dollar.
The S&P 500 Index closed slightly lower as a drop in industrial companies weighed on the gauge, which had climbed more than 5% over the previous five sessions. U.S. President Donald Trump’s threat to raise duties again on China if President Xi Jinping doesn’t meet with him at this month’s Group of 20 summit overshadowed some of the optimism generated by last week’s deal to avoid tariffs on Mexican imports.