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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