EQUITIES TUMBLE AS INVESTORS BECOME SKEPTICAL on initial reports that the U.S. and China are nearing a landmark deal. Negotiations are nearing an agreement which will cause the U.S. to reduce tariffs on $200 billion of Chinese goods. As part of the deal, China is expected to accelerate purchases on U.S. goods and the U.S. desires the ability to re-initiate tariffs if talks on intellectual property fall apart. The 10-year U.S. Treasury note lost 2.6 basis points. S&P -0.39%, Dow -0.79%, NASDAQ -0.23%
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