Strong earnings from Facebook and Apple and a Federal Reserve rate cut were not enough to offset concerns around U.S.-China trade talks.
pulled back 0.14% to 8,292.36. Strong earnings from tech giants Facebook and Apple and a Federal Reserve rate cut were not enough to offset concerns around U.S.-China trade talks.A report from Bloomberg News said Chinese officials have been casting doubt about the possibility of a long-term U.S.-China trade deal being struck.
The report, which cites unnamed sources, said Chinese officials are concerned about President Donald Trump's "impulsive nature" and the risk of him pulling out of any kind of deal. The report, coupled with a weak reading on the Chicago Business Barometer, pressured the major indexes on Thursday, the last day of October.
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