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Wall Street treads water ahead of Trump-Xi trade talk


Saturday, 1 December 2018 00:25 WIB

DOW JONESS & P 500 Standard & Poor's 500Saham ASNasdaq


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U.S. stocks were trading flat on Friday as investors stayed away from making bets ahead of a much-awaited meeting between the United States and China that could decide the course of a bitter trade dispute between the two economies.

Markets have been roiled by conflicting headlines in the run up to the high stakes meeting but found relief after U.S. Trade Representative Robert Lighthizer said he would be surprised if Saturday's dinner between U.S. President Donald Trump and China's Xi Jinping “wasn't a success”.

President Donald Trump said on Thursday he was close to making a deal but was not sure if he wants to do it, while news that Trump's hardline trade adviser Peter Navarro, will attend the meeting, added to worries.

The Dow Jones Industrial Average was down 39.15 points, or 0.15 percent, at 25,299.69, the S&P 500  was up 3.01 points, or 0.11 percent, at 2,740.77 and the Nasdaq Composite was up 15.29 points, or 0.21 percent, at 7,288.38.

Source: Reuters


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