Updated 1:35 pm PST, Tuesday, December 3, 2019
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks are closing broadly lower after President Donald Trump indicated he was in no hurry to make a trade deal with China.
Technology companies, which do a lot of business with China, stocks led the declines. Intel lost 2.8%.
Trump said he had “no deadline” for making a deal, suggesting there may not be an agreement this year, as previously hoped.
Investors were also disappointed that the U.S. proposed tariffs on French goods, a day after announcing taxes on steel and aluminum imports from Chile and Argentina.
The S&P 500 fell 20 points, or 0.6% to 3,093.
The Dow Jones Industrial Average dropped 280 points, or 1%, to 27,502. The Nasdaq lost 47 points, or 0.6%, to 8,520.
Bond prices rose. The yield on the 10-year Treasury fell to 1.72%.
___
11:45 a.m.
Stocks are falling sharply after President Donald Trump indicated he was in no hurry to make a trade deal with China.
Technology companies, which do a lot of business with China, stocks led the declines. Apple sank 2.5%.
Trump said he had “no deadline” for making a deal, suggesting there may not be an agreement this year, as previously hoped.
Investors were also disappointed that the U.S. proposed tariffs on French goods, a day after announcing taxes on steel and aluminum imports from Chile and Argentina.
The S&P 500 fell 34 points, or 1.1% to 3,079.
The Dow Jones Industrial Average dropped 411 points, or 1.5%, to 27,371. The Nasdaq lost 97 points, or 1.1%, to 8,470.
Bond prices rose sharply. The yield on the 10-year Treasury fell to 1.69%.
___
9:35 a.m.
Stocks are opening sharply lower on Wall Street after President
