Stocks ended flat to slightly lower on Wednesday, after swinging between gains and losses throughout the session, as investors contended with mixed signals around a potential U.S.-China trade deal.
The S&P 500 was down 0.2% to end around 2,880. The Dow Jones Industrial Average gained around 4 points, or less than 0.1%, to end near 25,969. The Nasdaq Composite fell 0.3% to finish around 7,943. President Donald Trump said the Chinese delegation was coming to Washington to secure a trade deal. Beijing has said it would send its top trade negotiator Vice Premier Liu He to the U.S. on Thursday. At the same time, a notice in the Federal Register confirmed that the U.S. would slap additional duties on $200 billion of Chinese imports on early Friday, raising the tariff rate to 25% from a current 10%. Shares of Lyft Inc. fell 9.8% after the first-quarter earnings of the ride-hailing company fell short of analysts' expectations.
Source : Marketwatch