Wall Street's main indexes eased from record levels on Monday after a report stoked fresh fears about a resolution to the U.S.-China trade dispute that has hit global growth and roiled financial markets over the past 16 months.
The mood in Beijing about a deal was pessimistic due to President Donald Trump's reluctance to roll back tariffs, CNBC reported, citing a government source.
Investors had turned optimistic over the weekend after Chinese state media said the two sides had held “constructive” trade talks, days after White House economic adviser Larry Kudlow said they were getting close to a trade deal.
At 10:26 a.m. ET, the Dow Jones Industrial Average was down 15.94 points, or 0.06%, at 27,988.95, the S&P 500 was down 7.53 points, or 0.24%, at 3,112.93 and the Nasdaq Composite was down 31.91 points, or 0.37%, at 8,508.92.
Source : Reuters