China walked back major concessions that it had made amid ongoing trade war negotiations and could also cancel pending orders for Boeing orders. Unsurprisingly, the Dow did not take the news well, cratering more than 100 points after Bloomberg dropped the report.

Dow Plunges as China Yanks Trade Concessions The S&P 500 was also struck but retraced in ensuing minutes, as did the Dow. At last check, the DJIA was up 26 points or 0. 1%. The move was clearly China-centric, as the Australian dollar was also hit, and Caterpillar stock is wobbling intra-day. The retracement is being aided by further

The post Dow Flinches as China Yanks Key Trade War Concessions appeared first on CCN

207 +