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Wall Street slips as tariff anxiety mounts

Credit: Reuters Studio
Published on December 10, 2019 - Duration: 01:32s

Wall Street slips as tariff anxiety mounts

Wall Street's main stock indexes ended slightly lower on Tuesday (December 10) as investors awaited concrete news on whether U.S. tariffs on Chinese imports would take effect on Dec.

15.

Yahaira Jacquez reports.

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Wall Street slips as tariff anxiety mounts

Stocks on Wall Street ended Tuesday slightly lower after a choppy session.

With investor anxiety high days before a fresh round of tariffs on Chinese goods are set to kick in on December 15th.

Early in the session, investors cheered a Wall Street Journal report that U.S. and Chinese negotiators are laying the groundwork for a delay in the tariffs.

But the excitement didn't last long.

With White House economic adviser Larry Kudlow saying later that no decision has been made.

Meanwhile - Netflix fell more than 3% after a Needham analyst downgraded the stock, saying competition - from the likes of Disney+ and

Class="kln">Apple TV - could lead to the loss of 4 million premium U.S. subscribers next year.

Eric Clark of Rational Dynamic Brands Fund weighed in: (SOUNDBITE) (ENGLISH) Eric Clark of Rational Dynamic Brands Fund saying: "I think it's a difference between the actual business and the stock.

The business?

I do not buy this big churn that everyone is talking about…I'm not going to get rid of my Netflix just because of Disney - they have different content.

I just think the stock has been such a monster performer that it's probably pulled forward a lot of good news.

So from an investment perspective, there's probably much better places from the media perspective." Most S&P sectors ended the day lower, with real estate and materials falling the most.

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