Dow slides 200 points over worries about permanent US-China trade deal
Source: CNBC
Stocks fell on Tuesday as doubt about a permanent deal between the U.S. and China crept into investors' minds following a stellar rally in the previous session.
The Dow Jones Industrial Average fell 200 points, led by losses in Apple. The S&P 500 declined 0.4 percent as the technology sector lagged. The Nasdaq Composite dipped 0.5 percent.
The U.S. and China agreed over the weekend to hold off on any additional tariffs on each other's goods on January 1, in order to allow trade talks to continue. Leaders from the two countries met over dinner at the G-20 summit in Argentina.
But discrepancies over when that truce would begin has led to confusion. While President Donald Trump's economic advisor, Larry Kudlow, told reporters Monday that the cease-fire would start from January 1, the White House later issued a corrected statement saying that the 90-day truce period would start on December 1.
Read more: https://www.cnbc.com/2018/12/04/stock-market-dow-futures-fall-amid-us-china-trade-deal-skepticism.html
Please keep your hands inside the ride at all times...
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