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Technology Stocks : Semi Equipment Analysis
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From: Sam2/8/2019 9:15:01 AM
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Wall Street set to drop at open as trade worries persist
Medha Singh
February 8, 2019 / 7:43 AM / Updated 17 minutes ago

(Reuters) - Wall Street was set for a lower opening on Friday, as a lack of progress on the U.S.-China trade talks ahead of a looming deadline added to investor nerves over slowing global growth.

Another round of talks is set for next week in Beijing, but President Donald Trump on Thursday fanned worries when he said he did not plan to meet Chinese President Xi Jinping before the March 1 deadline set for reaching a trade pact.

If the two countries fail to reach an agreement by then, additional U.S. tariffs on Chinese imports will come into force.

“Investors are experiencing another hiccup in the trade talks and with the March deadline approaching fast, they are being a tad cautious,” said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.

continues at reuters.com
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