Dow, S&P 500 decline after U.S., China announce trade deal with modest tariff reduction

Friday, 13 December 2019 23:51 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


U.S. stocks traded mostly lower Friday, giving back early gains, after President Trump and Chinese officials announced a trade deal that includes a reduction of tariffs and promises by China to buy more U.S. goods.

Meanwhile, a decisive victory for Conservatives in Thursday’s U.K. election that reduces policy uncertainty and clears a path for Brexit also boosted investor sentiment for a while.

The Dow Jones Industrial Average  fell 44 points, 0.2%, to 28,087, while the S&P 500 index  fell 6 points, or 0.2%, to 3,162 and the Nasdaq Composite index lost less than a point at 8,716.

For the week, the Dow is set to gain 0.4%, while the S&P and Nasdaq are poised for gains of 0.7% each.

Source : MarketWatch


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