Economics
U.S. Stocks Slip as Dollar Rises, Treasuries Fall: Markets Wrap
- Euro dips with Europe bonds; lira falls; Brent tops $80
- Sterling gains then pares on conflicting customs union reports
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U.S. stocks ended a back-and-forth session lower, Treasuries fell and the dollar advanced as investors looked past trade comments by President Donald Trump amid a fresh batch of solid economic data.
The S&P 500 Index fell to session lows after Trump raised doubts about the outcome of talks between his trade representatives and China’s negotiator. Stocks battled back to erase those losses before fading into the close. Energy producers rallied on merger activity, while Cisco Systems Inc.’s weak earnings took down technology shares. The surging dollar bolstered domestically focused small caps to a fresh record. Data on manufacturing and employment that showed economic strength lifted Treasury yields to 3.11 percent.