Stocks

The Dow Is Falling Because We Still Don't Know If There Will Be a Trade Deal

The market looked like it was ready to follow up Wednesday’s advance with another day of gains, but instead it now looks like it could add to the week’s losses—the Dow is off 1.7% though Thursday following President Donald Trump’s Tuesday remarks that he’d be happy to wait until after the election to make a trade deal with China.

The market looked like it was ready to follow up Wednesday’s advance with another day of gains, but instead it now looks like it could add to the week’s losses—the Dow is off 1.7% though Thursday following President Donald Trump’s Tuesday remarks that he’d be happy to wait until after the election to make a trade deal with China.

10:22 a.m. The Dow Jones Industrial Average dropped into the red after a higher open as trade and economic uncertainty continue to weigh on the stock market.

The Dow has fallen 43.05 points, or 0.2%, to 27,606.73, while the S&P 500 has declined 0.3% to 3104.06, and the Nasdaq Composite is off 0.2% at 8552.11.

The market looked like it was ready to follow up Wednesday’s advance with another day of gains, but instead it now looks like it could add to the week’s losses—the Dow is off 1.7% though Thursday following President Donald Trump’s Tuesday remarks that he’d be happy to wait until after the election to make a trade deal with China.

That investors are having some reservations about pushing the Dow back toward its all-time highs should be expected given the continued uncertainty over trade. “Whether this can be surpassed over the remainder of 2019 probably depends on the ability of the U.S. and China to reach a Phase1 agreement, or at the very least agree to a standstill that holds off on the proposed December 15th increases until an agreement is reached,” writes Marketfields’ Michael Shaoul, who doesn’t expect the positive sentiment that began in November to be reversed.

Even if the market can’t find direction today.

Write to Ben Levisohn at Ben.Levisohn@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Stocks Videos