The stock market looks set to end 2019 the way it began the year -- highly sensi...
NEW YORK - The stock market looks set to end 2019 the way it began the year — highly sensitive to headlines from President Donald Trump’s global trade war.
At the start of the week, investors said equity prices were factoring in that those tariffs would be delayed if not canceled as Beijing and Washington work on a “phase one” trade deal. But subsequent tough talk from Trump officials has shaken those expectations somewhat. “The problem is the uncertainty that the trade war process has on business decisions,” said Art Hogan, chief market strategist at National Securities in New York. “Without some sort of short-term truce, company spending gets frozen and that’s where it affects the economy and the market.”
Political tensions over U.S. support for protesters in Hong Kong and over Beijing’s treatment of its Uighur Muslim minority have also raised concerns about the prospects for an initial trade deal.
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