U.S. stocks fell on Friday, as investors worried over the possibility of a long-...
- U.S. stocks fell on Friday, as investors worried over the possibility of a long-drawn-out U.S.-China trade dispute, but hopes that the two sides could still reach a last-minute deal limited losses.
But even as Beijing threatened retaliation, negotiators in Washington agreed to stay on for a second day, raising expectations that a deal would be reached. Boeing Co, the single largest U.S. exporter to China, declined 0.7%, while Caterpillar Inc dropped 0.9%. Global equities have seen outflows of $20.5 billion in the past week as “trade deal trauma” pushed more money into bonds, Bank of America Merrill Lynch said in a report.
The antivirus software maker tumbled 15.2% after issuing a profit warning and unexpectedly announcing that its chief executive officer would step down.
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