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May 9, 09:25 PM
Dow Jones Falls 0.29%, S&P 500 Down 0.07%, Nasdaq Flat as Markets Await U.S.-China Trade Talks; Bitcoin Unmoved
US Foreign Policy
Stocks
Politics
Business

Dow Jones Falls 0.29%, S&P 500 Down 0.07%, Nasdaq Flat as Markets Await U.S.-China Trade Talks; Bitcoin Unmoved

Authors
  • Reuters
  • CBS News
  • MarketWatch
9

U.S. stock markets ended the week mostly flat as investors awaited weekend trade talks between the United States and China. The Dow Jones Industrial Average declined about 0.29%, while the S&P 500 fell 0.07%, and the Nasdaq Composite remained nearly unchanged with a slight increase of 0.004%. Market activity was subdued, with cautious trading in both stocks and bonds as the world's two largest economies prepared to resume negotiations. Despite the announcement of a trade deal between the U.S. and China, Bitcoin showed no significant reaction, with traders focusing on futures markets that were set to open shortly after. Overall, risk assets remained steady amid anticipation of the upcoming talks.

Written with ChatGPT (GPT-4).

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