U.S. stock benchmarks traded at session lows Thursday morning after White House adviser, Larry Kudlow said a sizable distance remains between the U.S. and China in protracted trade negotiations.
President Donald Trump's national economic council director on Wednesday made his comments during an interview with Fox Business Network. Kudlow said previous talks covered "a tremendous amount of ground" but said enforcement will be very important, as well as technological and structural issues.
The Dow Jones Industrial Average was trading down 230 points, or 0.9%, at 25,155, the S&P 500 index declined by 1% at 2,702, while the Nasdaq Composite Index retreated by 1.2% at 7,287.
Trade disagreements between Beijing and Washington have been among the most crucial headwinds for the stock market in the past several months.
Source : Market Watch