european union: The Nasdaq Composite Index COMP, 0.14% fell 86.93 points, or 1.2%, to 7,288.35, according to Market Watch. What drove the market Trade-war jitters resurfaced after National Economic Council Director Larry Kudlow said during an interview with Fox Business Network that there is still a long way to go before the U.S. will strike a trade deal with China. How did major indexes fare The Dow DJIA, -0.25% slid 220.77 points, or 0.9%, to 25,169.53, while the S&P 500 SPX, 0.07% retreated 25.56 points, or 0.9%, to 2,706.05. Previous talks covered a tremendous amount of ground but enforcement will be the key, he said. A round of weak data from the European Union underscored concerns that slowing growth in China has impacted Europe, fueling concerns about a slowing global economy. CNBC also reported that a meeting between President Donald Trump and China's Xi Jinping isn't likely before a March 1 deadline, but the U.S. is likely to keep tariffs at 10% rather than raise them to 25% as scheduled.
(news.financializer.com). As
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Tagged under european union, trade deal topics.