U.S. stocks slipped on Tuesday after a warning from President Donald Trump to Ch...
NEW YORK - U.S. stocks slipped on Tuesday after a warning from President Donald Trump to China pressured technology shares, while investors looked to an expected interest rate cut at the conclusion of the Federal Reserve’s monetary policy meeting.
As trade talks between the world’s two biggest economies resumed in Shanghai on Tuesday, Trump warned China against trying to wait out his first term in office to finalize a deal. “Trade and iPhone demand in China are going to be part of the issue,” said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. “But on the flip side, the transition Apple is making from a hardware company to a services company is going to be closely watched.”
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