Stocks faded into the close today as optimism around this week’s U.S.-China trade talks continued to dim. The Dow closed more than 300 points lower. The S&P 500 slid 1.6% and the Nasdaq dropped 1.7%.
slid 1.67% to 7,823.78. Stocks fell as hopes for progress between China and the U.S. on the trade front dimmed.Stocks fell after the U.S. added some of China's top artificial intelligence companies to its trade. The move was meant as punishment for Beijing's treatment of predominantly Muslim ethnic minorities. The Chinese Foreign Ministry said it would retaliate to the AI companies being blacklisted. A statement from the U.S. State Department saying the U.S.
Wall Street also contended with mixed reports about China's expectations for the upcoming trade talks with the U.S. TheVice Premier Liu He will not have the title of "special envoy" for the next round of talks. The report characterized this as a signal President Xi Jinping had not given Liu any specific instructions. However, Chinese state-owned Global Times said China is "
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