Stocks traded flat-to-lower Thursday as doubts grew over prospects for a so-called phase one trade deal between the U.S. and China, a day after the Dow Jones Industrial Average and the S&P 500 each eked out a record finish.
The Dow Jones Industrial Average lost 35 points, or 0.1%, to trade at 27,749, while the S&P 500 index fell 2 points, or 0.1%, at 3,092. The Nasdaq Composite index declined 20 points, or 0.2%, to 8,461.
The prospect of a U.S. - China trade deal remains the main factor sustaining a rally that has pushed U.S. stocks record highs in the past five weeks.
Source : MarketWatch