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Dow falls 200 factors as greatest retail gross sales drop in a decade thwarts US-China commerce optimism

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Dow falls 200 factors as greatest retail gross sales drop in a decade thwarts US-China commerce optimism


Treasury yields additionally fell on the weak knowledge. The benchmark 10-year charge traded round 2.64 %, down from about 2.69 %.

The U.S. greenback additionally fell in opposition to different main currencies. The greenback index traded 0.1 % decrease at 97.04. The buck additionally misplaced 0.35 % in opposition to the euro to commerce at $1.13.

The SPDR S&P Retail ETF (XRT) dropped greater than 1 % as shares of Groupon and Dick’s Sporting Items underperformed.

The info had been sufficient to dampen market sentiment as buyers proceed to comply with information of the U.S.-China commerce talks. President Donald Trump mentioned Wednesday that talks had been “going very nicely” as each side look to achieve an settlement earlier than an early March deadline.

Moreover, the South China Morning Publish reported that Chinese language President Xi Jinping will meet with U.S. delegates on Friday, together with Treasury Secretary Steven Mnuchin and U.S. Commerce Consultant Robert Lighthizer.

The S&P 500 and Nasdaq got here into Thursday’s session using four-day profitable streaks. Each indexes, together with the 30-stock Dow, had been up at the very least 1 % as of Wednesday’s shut.

—CNBC’s Silvia Amaro contributed to this report.



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