Wall Street struggles to gain traction despite positive trade headlines

  • US and China are reportedly planning to delay December 15 tariffs.
  • US Trade Representative travels to Mexico to sign the USMCA deal.
  • Real Estate Index post modest gains in early trade.

Wall Street's main indexes started the day modestly lower on Tuesday as investors maintain their cautious stance despite positive geopolitical developments. As of writing, the Dow Jones Industrial Average was down 0.33% on the day while the S&P 500 and the Nasdaq Composite were erasing 0.25% and 0.2%, respectively.

Earlier in the day, the Wall Street Journal reported that negotiators were planning to delay the US' tariff hike on Chinese imports that will go into effect on December 15th. Moreover, the US Trade Representative, Robert Lighthizer, is reportedly travelling to Mexico to sign the United States-Mexico-Canada Agreement (USMCA) trade agreement.

The Real Estate Index is the only major S&P 500 sector that is posting gains in the early trade. On the other hand, the Communication Services Index is down 0.5% to lead the losers. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD challenges weekly lows after mixed Durable Goods Orders

US Durable Goods Orders were up a measly 0.4% in August, missing expectations of 1.0%, although Nondefense Capital Goods Orders ex Aircraft jumped 1.8%. Equities bounce from lows, but the dollar maintains its strength.


GBP/USD loses 1.2700 as the dollar keeps rallying

GBP/USD approaches its weekly low at 1.2674 as demand for the American currency extends into the final trading session of the week. Hopes for a UK trade deal with the EU doing little for Sterling.


XAU/USD hangs near 2-month lows, bears await a break below 100-DMA

Gold failed to capitalize on the previous day's modest rebound from the vicinity of 100-day SMA support, instead met with some fresh supply on Friday. 

Gold News

Breaking: ​​​​​​​The IRS makes it hard to pretend you don’t have Bitcoin

The cryptocurrency holders might have a hard time trying to hide their Bitcoins or other digital assets. IRS considers changing the standard 1040 form by including a bold question on the front page:  At any time during 2020, did you sell, receive, send, exchange, or otherwise acquire any financial interest in any virtual currency? 

Read more

WTI: Sellers continue to lurk near $40.80

WTI (futures on NYMEX) turns south towards the $40 mark in the European session, having faced rejection above $40.50 on several occasions.

Oil News