(Thursday Market Open) If there’s one thing the market doesn’t like, it’s uncertainty. But that’s what it seems to be getting on two major fronts: the trade dispute between the U.S. and China and corporate earnings.
The worries about the U.S.-China trade situation continued after President Trump said “there’s a long way to go” on China trade talks as The Wall Street Journal reported that progress toward a deal between the world’s two largest economies has stalled over restrictions on Huawei Technologies.
But Treasury Secretary Steven Mnuchin told CNBC that Huawei wasn’t a sticking point. He said a call between U.S. and Chinese officials was set for today and could lead to in-person meetings. Still, Mnuchin said “there are just a lot of complicated issues,” so it doesn’t seem like a deal is imminent, meaning that the biggest headwind facing Wall Street seems set to continue for an undetermined amount of time.
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