US Stocks Near Flat Amid Ongoing Trade Uncertainty
Sumaira FH 6 days ago Wed 12th June 2019 | 07:37 PM
Wall Street stocks were little changed early Wednesday amid uncertainty over ongoing US-China trade developments, while tepid US inflation data boosted speculation of a Federal Reserve interest rate cut
Analysts described the muted open as a continuation of Tuesday's session, when major indices edged lower after surging over the prior week.
About 30 minutes into trading, the Dow Jones Industrial Average was unchanged at 26,048.64.
The broad-based S&P 500 was down less than 0.1 percent at 2,884.47, while the tech-rich Nasdaq Composite Index dipped 0.
2 percent to 7,804.48.
Analysts continue to watch for trade developments, with Briefing.com analyst Patrick O'Hare citing news reports discussing "how the US and China aren't making much of an effort these days to arrange new trade discussions."