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Wall Street treads won as a trade lecture now the decisive stage of Reuters

© Reuters. Traders working on the NYSE floor in New York

By Amy Caren Daniel

(Reuters) – US stocks were almost flat in choppy trading on Wednesday, before a decisive round of negotiations that will be held against Charges on Chinese goods later later in the week.

The United States will raise tariffs to 25% from 10% of $ 200 billion of Chinese imports, which is effective Friday, according to a message posted to the Federal Register the day after President Donald Trump threatened the duty after China resigned. almost all sides a trade agreement.

Nevertheless, the top Chinese trade dealer, Vice President Liu He, will go to Washington for talks Thursday and Friday, and set up a final obscure bid to save the talks.

"It has been a bipolar stream of trade information. Investors recognize that the negotiations are more constructive," said Eric Wiegand, senior investment strategist at US Bank Wealth Management in New York.

"Today's features reflect the unimaginable nature to what we have to do with. It's difficult for investors to position themselves after you just hear rhetoric and don't see formal guidelines in place. "Boeing (NYSE 🙂 Co, the only largest US exporter to China, went down 0.5% while Chipmakers, who receive a large portion of their revenues from China, also fell.

The Philadelphia chip index fell 0.24%, the index has fallen over 4% so far this week, and is about to add its largest percentage weekly losses since December 21[ads1].

The tip of tensions between the world's two largest economies has renewed the fear of a global economic downturn and encouraged investors to seek low-risk government bonds, which resulted in a fall in dated US treasury yields. [US/]

] Interest-rate bank deposits fell 0.31% while the broader financial sector fell 0.19%

Limitation of losses was 0.8% gain in the iPhone manufacturer Apple Inc. (NASDAQ 🙂 and Walt Disney [19659015] (NYSE 🙂 Co, which is due to report results after the clock.

Kl. 10:18 ET it was up 16.91 points, or 0.07%, to 25.982.00. It was up 1.84 points, or 0.06%, at 2,885.89 and it was up 3.11 points, or 0.04%, at 7.966.87. The reference S & P 500 is now more than 2% away from record height of 2,954.13 hits last week.

With last-minute results, results in the first quarter are expected to increase by 1.2%, a sharp improvement from 2.3% decline expected at the beginning of the season.

Of the 426 S&P companies that have reported so far, about 75% have made profit estimates, according to Refinitiv data.

Electronic Arts Inc. (NASDAQ 🙂 rose 2.9% after the videogame manufacturer had outperformed the expected quarterly revenue, and drove on the popularity of their fight royal game, "Apex Legends".

Chesapeake Energy Corp (NYSE 🙂 fell 1.4% by oil and the gas producer's net loss increased in the first quarter, hit by a fall in output and lower crude prices.

Accelerated problems exceeded decliners with a 1.15 to 1 ratio on the NYSE and with a 1.08 to 1 ratio on Nasdaq.

The S&P index recorded two new 52-week highs and five new declines, while the Nasdaq reconstruction ridden 18 new heights and 29 new downs.

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