Morning Report 10 May 19: Losses continue for US shares on US-China trade tensions

US sharemarkets reacted to news on China-US trade talks. US President Trump said tariffs on Chinese goods would lift, saying that China "broke the deal". But shares rebounded after President Trump said he received a "beautiful letter" from the Chinese leader, again raising hopes that a deal may be done. After being down 449 points, the Dow Jones ended lower by 139 points or 0.5%. The S&P500 index lost 0.3%. And the Nasdaq index fell by 33 points or 0.4%.

 

 

 

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