Wall Street's main indexes were subdued on Tuesday, as a trade truce-fueled...
- Wall Street’s main indexes were subdued on Tuesday, as a trade truce-fueled relief rally in the previous session fizzled out after the United States threatened additional tariffs on European goods.
Washington’s proposed tariffs on $4 billion of additional EU goods in a long-running dispute over aircraft subsidies came just as trade tensions with China seemed to be easing and unnerved investors. Wiegand also said markets could see heightened volatility on Wednesday due to thin trading volumes ahead of the July Fourth holiday.
The concerns triggered a drop in crude prices despite an agreement among oil producers to extend supply cuts and pushed the energy sector .SPNY down 1.58%, the biggest drag on markets.hit a record high on Monday after Washington and Beijing agreed over the weekend to resume trade talks after negotiations broke down in May.
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