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Wall Street treads water after recent rally


Added 06-11-19 05:03:01pm EST - “U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tues...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Wall Street treads water after recent rally”. Below is an excerpt from the article.

NEW YORK (Reuters) - U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as investors paused following a run of gains and fresh worries emerged over the U.S. trade war with China.

President Donald Trump said Tuesday he was holding up a trade deal with China and had no interest in moving ahead, unless Beijing agrees to four or five “major points” which he did not specify.

Separately, Trump said he would impose more tariffs on Chinese imports if there was no progress in talks with Chinese President Xi Jinping at the Group of 20 summit later this month.

Stocks were mostly higher in early trading amid lingering optimism over Trump’s decision late on Friday to hold off import tariffs on Mexico.

“Trade sentiment is driving everything,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.

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