U.S. Stocks Retreat as Trade Talks Loom
Market Optimism faded as the Dow Jones Industrial Average dropped 180 points, erasing earlier gains. Investors turned cautious ahead of high-stakes U.S.-China trade negotiations, with all major indices closing lower on May 9.
President Trump’s suggestion of potential tariff reductions failed to reassure markets. The proposed 80% rate on Chinese goods remains restrictive for exporters, maintaining trade tensions that continue to weigh on risk assets globally.