US Stocks Limp To Weak Close Ahead Of Trade Talks

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2019-05-09 HKT 04:22

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  • Sino-US trade talks are continuing to cast a pall over US markets. File photo: AP

    Sino-US trade talks are continuing to cast a pall over US markets. File photo: AP

Wall Street ended mostly lower on Wednesday after a late wave of selling wiped out a modest midday rally.

Internet and media companies fell the most. Netflix sank 1.6 percent and Google's parent company Alphabet lost 0.7 percent. Tripadvisor plunged 11.4 percent after missing analysts' revenue estimates.

Trading was choppy a day ahead of the latest trade talks between the US and China. Investors have been on edge since President Trump threatened to impose higher tariffs on Chinese goods by Friday.

The S&P 500 fell 0.2 percent to 2,879.

The Dow Jones Industrial Average edged up 2 points to 25,967. The Nasdaq fell 0.3 percent to 7,943. (AP)

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