The Dow Jones Industrial Average traded 18 points lower at the open, or 0.1%. The S&P 500 and Nasdaq Composite declined by 0.1% and 0.2%,Posted on November 18, 2019
Chinese officials are pessimistic about the prospect of a U.S.-China trade deal. China is troubled by President Donald Trump saying recently the U.S. would not roll back tariffs as they thought both sides had agreed to do so in principle, Yoon reports.
The news triggered a move into traditional safe-haven assets. The benchmark 10-year Treasury yield fell from around 1.85% to 1.81%. Gold futures erased earlier losses to trade slightly higher.