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Wall Street saw strong gains early in the day on news U.S branded cufflinks singapore uk online. and Chinese officials had discussed a road map for trade talks, which Trump called “very productive.” But late in the afternoon two U.S. lawmakers proposed a bill to ban the sale of U.S. products to Chinese companies that violate U.S. export or sanctions laws. And later in the morning the mood soured as Trump publicly sparred with Senate Democratic leader Chuck Schumer and House Democratic leader Nancy Pelosi over funding for a wall on the Mexican border during which the president threatened a government shutdown..
“It’s so headline driven right now and the market can’t wait for the next one,” Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas, said of news on trade and domestic politics. “Traders don’t know what to do branded cufflinks singapore uk online. You’re coming into the end of December that’s typically strong.”. The Dow Jones Industrial Average fell 53.02 points, or 0.22 percent, to 24,370.24, the S&P 500 lost 0.94 points, or 0.04 percent, to 2,636.78 and the Nasdaq Composite added 11.31 points, or 0.16 percent, to 7,031.83..
Three of the S&P’s 11 major sectors ended in the red branded cufflinks singapore uk online. Most of the rest were clinging to tiny gains, while the defensive consumer staples sector closed up 0.9 percent, making it the strongest gainer of the day. The financial index was the weakest with a 1 percent drop on the day. Carol Schleif, deputy chief investment officer for Abbot Downing in Minneapolis, said investors could take advantage of the volatility to pick up bargains. “We can’t control the headlines but the thing we can lean on is that the underlying fundamentals remain solid,” she said..
On Monday, the S&P had bounced off an eight-month low to end higher and strategists said trading algorithms kicked in to buy at the day’s lows. Technical trading appeared to fuel Tuesday’s moves as well, according to Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama branded cufflinks singapore uk online. “We had cross currents with the various policy releases and no reason to have strong buying come in a the end,” he said. Declining issues outnumbered advancing ones on the NYSE by a 1.17-to-1 ratio; on Nasdaq, a 1.21-to-1 ratio favored decliners..
WASHINGTON/BEIJING (Reuters) – China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for a new talks aimed at easing the bitter trade war between the world’s two largest economies. Washington still had not received documentation nor timing details of the tariff reduction, the official said, speaking on condition of anonymity. China’s plan was communicated during a phone call between Chinese Vice Premier Liu He, U.S branded cufflinks singapore uk online. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday morning Beijing time, the official said..