Wall Street lapses as Trump suggests that trade trade with China will be delayed

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(Reuters) – Wall Street started more than 1% and the S&P 500 benchmark hit low a month on Tuesday because President Donald Trump was concerned that there was a major delay in solving a commercial trade dispute with the t China.

PHOTO FILE: Traders on the floor operate at the New York Stock Exchange (NYSE) in New York, USA, November 27, 2019. REUTERS / Brendan McDermid

Speaking to reporters in London, Trump raised the possibility of delaying the trade deal until after the US presidential elections in November 2020.

“I have no deadline, no. In some ways I feel best to wait until after the elections to China, ”Trump said before a meeting of NATO leaders.

Nine of the 11 S&P 500 major sectors were trading lower, and the technical hours were Apple Inc (AAPL.O), Microsoft Corp (MSFT.O) and Amazon.com Inc (AMZN.O) Weighed the most.

Philadelphia Semiconductor index decreases sensitive from trade. 2.2% to low one month.

The main US stock indexes have eliminated Tuesday's declines firmly from the recorded highlights of last month and hope that the two best economies in the world will tackle a “stage trading deal”. one ”soon.

“I think people are thinking whether we have accomplished something or not,” said Randy Frederick, vice president of trade and derivative for Charles Schwab in Austin, Texas.

The latest from the trading war on the domestic economy was data on weak activity in the factory on Monday.

At 10:00 am ET Dow Jones Industrial Center. JI was down 364.25 points, or 1.31%, at 27,418.79, the S&P was 500 down. points, or 1.17%, at 8,468.14.

CBOE volatility index met. VIX is the highest since 10 October.

In corporate news, shares of Audentes Therapeutics Inc (BOLD.O) more than doubled in value after Astellas Pharma Inc. of Japan (4503.T) said he would buy a US drug maker for about $ 3 billion in cash.

Corp AK Steel Holding (AKS.N) rose 4% after minor Cleveland Cliffs Inc (CLF.N) He agreed to buy the steel maker for about $ 1.1 billion in an all-stock deal. Cleveland-Aillte Shares Reduce 13.4%.

The declining issues and numbers of people progressing for a 3.57 to 1 ratio on the NYSE and for a 2.96-to-1 ratio on the Nasdaq were not mentioned.

The S & P index recorded a new high 52 weeks and three new, while the Nasdaq recorded 14 new peaks and 41 new ages.

Reporting at Arjun Panchadar and Sruthi Shankar in Bengaluru; Edited by Arun Koyyur

Our Standards:The principles of Thomson Reuters Trust.

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