Epic Research Update : US Markets

The three major US stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that US President Donald Trump would end a key trade agreement.

The S&P and the Nasdaq snapped a six-day rally after Bloomberg reported that China, the world’s biggest holder of US Treasuries, could slow or stop buying the government bonds. The report sent Treasury yields to a 10-month high.

The Dow Jones Industrial Average fell 16.67 points, or 0.07 percent, to 25,369.13, the S&P 500 lost 3.06 points, or 0.11 percent, to 2,748.23 and the Nasdaq Composite dropped 10.01 points, or 0.14 percent, to 7,153.57.

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Posted in: Indian Market Tips