U.S. stocks slipped on Thursday as the release of a whistleblower report tied to...
NEW YORK - U.S. stocks slipped on Thursday as the release of a whistleblower report tied to the Democrats’ impeachment move against President Donald Trump kept uncertainty high, while trade comments from China’s top diplomat helped to limit losses.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid The S&P 500 briefly turned higher late in the session after China’s state councilor and foreign minister said China was willing to buy more U.S. products. Wang Yi, in response to questions from Reuters, said the Trump administration had shown goodwill by waiving tariffs on many Chinese products.
Earlier in the day, the released whistleblower report alleged that Trump not only abused his office in attempting to solicit foreign interference in the 2020 U.S. election, but that the White House also tried to “lock down” evidence about that conduct. The report is seen as central to the Democrats’ impeachment inquiry.For the market, “whether it turns into something more comes down to how consumers respond.
Facebook Inc was among the biggest drags on the S&P 500, dropping 1.5% after a person familiar with the matter told Reuters that the U.S. Justice Department will open an antitrust investigation of the social media company.
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