πŸ‡ΊπŸ‡Έ

Wall Street falls as investors cautous on trade

Credit: Reuters Studio
Published 1 week ago - Duration: 01:15s

Wall Street falls as investors cautous on trade

The S&P 500 fell Wednesday for the third day in a row.

As Fred Katayama reports, investors remained cautious about the latest developments on U.S.-China trade talks, and Intel shares slid.

Advertisement

Wall Street falls as investors cautous on trade

Stocks mostly inched lower in a choppy session on Wall Street Wednesday as China's top trade negotiator heads for Washington for trade talks amid threats of tariffs and retaliation.

The Dow ended flat; the S&P 500 declined for a third straight day.

Investors were hopeful after the White House said Beijing indicated China wants to make a trade deal but a late slide in Intel shares erased earlier gains.

Gerber Kawasaki CEO, Ross Gerber: SOUNDBITE: GERBER KAWASAKI CEO, ROSS GERBER, (ENGLISH) SAYING: "I think this is final posturing before a deal is actually struck because both Xi and Trump have so much riding on this deal and both need it very very badly.

So I'm hoping this is just final posturing, but if not, there's going to be a lot of problems in the global economy in the short term." Electronic Arts shares rose.

The videogame maker's quarterly revenue blasted past analysts' estimates.

It cashed in on the "Fortnite" game craze by launching a battel royale version of its "Battlefield V" game, CALLED "Apex Legends".

The biggest drag on the S&P 500: TripAdvisor.

The online travel company's quarterly revenue fell short of analysts' estimates.

After the bell, Disney shares rose 1 percent.

Quarterly profit and revenue rose, topping Wall Street's estimates, as more visitors flocked to its theme parks.

You are here

Recent related news from verified sources

BANGKOK (AP) β€” Shares opened moderately lower in Asia on Tuesday after a dismal day on Wall Street as investors fled uncertainty over the China-U.S. trade...
5 days ago • SeattlePI.com

The market is patiently waiting for the outcome of the U.S. China trade talks on Friday. Labor Department's Consumer Price Index for April is the important...
1 week ago • RTTNews

World stock markets turned higher on Tuesday, stabilizing after heavy losses on Wall Street, as investors monitor the escalating dispute between China and the...
5 days ago • USATODAY.com

Investors are dealing with a painful new reality: The trade war between the United States and China could last indefinitely. That anxiety spread across the stock...
5 days ago • Seattle Times

NEW YORK (AP) β€” U.S. stocks moved sharply lower Monday on Wall Street and extended the market’s slide into a second week as investors seek shelter from an...
6 days ago • Seattle Times

Technology stocks led the S&P 500 and the Nasdaq higher on Tuesday, with U.S. stocks reclaiming ground lost to Monday’s steep sell-off as investors took heart...
5 days ago • Newsmax

Investors concerned about the escalating trade war with China are hoping for some calm on Wall Street Tuesday. The Dow Jones Industrials plunged more than 600...
5 days ago • CBS News

Recent related videos from verified sources

Wall Street seesaws amid heightened trade tensions 00:41
Credit: Wochit - Published 2 days ago 

Nvidia, Walmart Earnings Prep -- ICYMI 03:20
Credit: The Street - Published 4 days ago 

Wall Street sinks as tariff war heats up 01:15
Credit: Reuters Studio - Published 5 days ago 

Wall Street To Sink On Trade War 00:48
Credit: Wochit - Published 6 days ago 

Jim Cramer Breaks Down Uber's IPO 05:17
Credit: The Street - Published 1 week ago 

Jim Cramer Breaks Down Uber's Disappointing Earnings, China's Tariffs 14:10
Credit: The Street - Published 1 week ago 

Wall Street Suffers Over U.S. - China Trade Negotiations 00:49
Credit: Wochit - Published 1 week ago 

Don't Like Volatility? Steer Clear of These 3 Stocks -- ICYMI 02:56
Credit: The Street - Published 1 week ago 

You might like