Stocks Drop With Bonds as Trade Deadline Looms: Markets Wrap
- Trump administration may delay Dec. 15 levies amid talks
- Traders cautious before Fed, ECB, U.K. vote, tariff deadline
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U.S. stocks fell for a second day as investors pulled back ahead of the Federal Reserve rate decision, U.K. election and Sunday’s tariff deadline. Treasuries slipped.
The S&P 500 Index fluctuated for most of the day before ending lower. Trade took center stage, with investors debating whether China and the Trump administration will reach a meaningful trade deal to avert fresh tariffs. Multiple reports indicated a delay was likely, before administration officials said the outcome depends on how talks progress. The two sides say a partial deal remains within reach, though the contours have not been made clear. Crude rose.