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Wall Street, Growth Worries, And Trade Talks

Credit: Wochit
Published on March 28, 2019 - Duration: 00:43s

Wall Street, Growth Worries, And Trade Talks

According to Reuters, U.S. stocks swung between gains and losses on Thursday, as optimism fueled by progress in U.S.-China trade talks was overshadowed by fears of an economic slowdown after a cut in fourth-quarter GDP growth.

Data on Thursday showed domestic economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the 3 percent annual target, and corporate profits failed to rise for the first time in more than two years.

Growth worries hit markets last week when the Federal Reserve abandoned projections for any interest rate hikes this year and the U.S. Treasury yield curve inverted for the first time since 2007.

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