Wall St dips after renewed U.S.-China trade fears
NEW YORK - Wall Street’s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment.
Media reports on Wednesday said the Trump administration was considering sanctions on video surveillance firm Hikvision. A tumble in shares of Qualcomm Inc and Lowe’s Companies Inc helped drag down the benchmark S&P 500 index. The release of minutes from the Federal Reserve’s latest policy meeting, in which officials agreed that their patient approach to setting monetary policy could remain in place “for some time,” had little impact on Wall Street’s major indexes.
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