Dow Jones Industrial Average Is Down as China Trade Talks Have Hit a Wall – Barron's

Down on a Deal. The three major U.S. stock market indexes fell as U.S.-China trade talks increasingly appear to stuck on Hong Kong, as the Senate passed a resolution supporting the protesters and a influential Chinese newspaper editor said “few Chinese” think a deal will be struck soon.

The Dow Jones Industrial Average is down 105.78 points, or 0.38%, to 27,828.24. The S&P 500 was down 0.3% and the Nasdaq Composite was 0.2% lower.

Midday Movers

Target stock (ticker: TGT) jumped 12.1% to a record high after its earnings trounced expectations.

Lowe’s stock (LOW) rose 4.7% after it reported better-than-expected earnings and increased full-year guidance.

Schlumberger stock (SLB) gained 5.4% and Halliburton stock (HAL) was up 4.7% after Deutsche Bank initiated on both stocks with Buy ratings, and crude prices rose. Oil’s price gains pushed other energy stocks higher: Devon Energy (DVN) rose 4.3%; Noble Energy (NBL) rose 4.2%; Apache (APA) rose 4.1%; and EOG Resources (EOG) rose 3.9%.

Write to Ben Walsh at [email protected]

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