Wall Street's main indexes edged lower on Wednesday after U.S. trade repres...
- Wall Street’s main indexes edged lower on Wednesday after U.S. trade representative Robert Lighthizer said the United States and China still had hard work ahead to reach a trade deal.
They are the first public comments from the U.S.’s lead negotiator since President Donald Trump said on Sunday he would delay a self-imposed March 1 deadline to raise tariffs on Chinese imports, citing progress in the talks. Of the 11 major S&P sectors, six were trading lower, with a 0.24 percent fall in technology stocks weighing the most. Microsoft Corp and Intel Corp were the biggest drags on the sector.
Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee on Wednesday. He had stood by the central bank’s “patient” stance on interest rates in his testimony to a Senate panel on Tuesday. Best Buy Co Inc jumped 16.8 percent after the consumer electronics retailer beat analysts’ estimates for quarterly same-store sales, while announcing a hike in dividend and a plan to buy back shares
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