Stocks Fall as China Trade Pact Questions Linger: Markets Wrap
- Crude oil declines; Bloomberg Dollar Spot Index increases
- China said to want more talks before signing partial deal
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Stocks declined as investors mulled the implications of the partial trade deal reached last week between the U.S. and China. Oil retreated and the dollar strengthened.
The S&P 500 Index had fluctuated most of Monday after China appeared to pour cold water on a pact touted by President Donald Trump, with people familiar with the situation saying it wanted to iron out details before signing it. Trading was about 28% below the 30-day average. A tweet from the Global Times’ editor-in-chief painted a more optimistic outlook, gave equities some support. U.S. debt markets are closed for the Columbus Day holiday.