S&P 500 slips ahead of US-China trade talks
- On May 9, the S&P 500 experienced a slight decline of less than 0.1% as investors anticipated the upcoming U.S.-China trade negotiations scheduled for that weekend in Switzerland.
- Trade tensions persisted after President Trump unexpectedly suggested lowering the current 145% tariff on Chinese goods to 80%, causing market uncertainty.
- Regional markets showed mixed moves with Abu Dhabi falling 0.1% to 9,626, driven by declines in Aldar Properties and First Abu Dhabi Bank despite gains in Abu Dhabi Ports Company.
- Oil prices rose nearly 2%, with Brent Crude at $64.08 a barrel, supporting Gulf economies amid signs of easing trade frictions and upcoming inflation data from China.
- The market awaits trade talks’ results that could influence economic growth projections and investor confidence into Monday's open and beyond.
16 Articles
16 Articles


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The S&P 500 experienced a notable pullback today, retreating from early gains as investors braced for upcoming trade negotiations. This fluctuation in the index comes amid growing anticipation and uncertainty surrounding high-level trade discussions set to take place later this week. 1 Market analysts have attributed the initial rally in the S&P 500 to a wave of optimism, driven by positive economic data and earnings reports from major corporati…
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