U.S. stocks turned lower after a news report that the White House is weighing limiting investment in China, setting up major indexes for weekly losses.
Investors are parsing the outlook on a trade deal between the U.S. and China, alongside political developments from Washington.
The latest swing in stocks came after Bloomberg News reported Friday that Trump administration officials are considering ways to limit U.S. investors' portfolio flows into China.
For some, the stock market reaction highlighted how sensitive investors are to developments on trade between the two countries.
Shares of Bank of America added 0.6%, while JPMorgan edged up 0.7%. Investors continued to watch for signs of the health of the domestic economy, especially as concerns about wobbling growth world-wide have mounted.
Instead, individual stocks and sectors have recorded bigger swings as some investors have sifted through their holdings and increased positions in shares of companies that appear undervalued while shedding some of the big, momentum-driven stocks that have driven the market's gains.
Elsewhere, stocks closed broadly lower in Asia, with Tokyo's Nikkei down 0.8% and Hong Kong's Hang Seng down 0.3%. Shares in Shanghai were an outlier, edging up 0.1%. -Karen Langley contributed to this article.
https://www.wsj.com/articles/global-stocks-waver-after-weak-chinese-data-11569572823?mod=hp_lead_pos5
Investors are parsing the outlook on a trade deal between the U.S. and China, alongside political developments from Washington.
The latest swing in stocks came after Bloomberg News reported Friday that Trump administration officials are considering ways to limit U.S. investors' portfolio flows into China.
For some, the stock market reaction highlighted how sensitive investors are to developments on trade between the two countries.
Shares of Bank of America added 0.6%, while JPMorgan edged up 0.7%. Investors continued to watch for signs of the health of the domestic economy, especially as concerns about wobbling growth world-wide have mounted.
Instead, individual stocks and sectors have recorded bigger swings as some investors have sifted through their holdings and increased positions in shares of companies that appear undervalued while shedding some of the big, momentum-driven stocks that have driven the market's gains.
Elsewhere, stocks closed broadly lower in Asia, with Tokyo's Nikkei down 0.8% and Hong Kong's Hang Seng down 0.3%. Shares in Shanghai were an outlier, edging up 0.1%. -Karen Langley contributed to this article.
https://www.wsj.com/articles/global-stocks-waver-after-weak-chinese-data-11569572823?mod=hp_lead_pos5
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