The Dow is threatening its longest losing skid in 2 months
U.S. stock benchmarks on Wednesday morning whipsawed between modest gains and losses, a day after worries about U.S.-China trade tensions resulted in the worst daily decline for the Dow in about four months.
The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to “negotiate” with Joe Biden or one of the very weak Democrats, and thereby continue to ripoff the United States ) for years to come.... Reuters on Wednesday reported that China’s diplomatic contingent attempted to revamp a nearly 150-page draft trade agreement last Friday, as they were reluctant to agree to signing new trade terms into law, and raising the ire of U.S. negotiators and perhaps prompting a Sunday tweet from President Donald Trump, threatening higher import duties
He also warned investors the trade dispute is “a phenomenon where you can’t get an edge, because you’re just one tweet away from having your previous posture undermined.” McKesson Corp. MCK, +2.82% stock rose 3.4% after the supply-chain management company reported first-quarter earnings above expectations.
Radio-frequency component maker Qorvo Inc. QRVO, +5.51% also reported results Tuesday evening, announcing first-quarter sales and profits that beat Wall Street expectations. Shares rose 4.3% Wednesday.
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