Stocks Sink as China Reportedly Rebuffs Talks

US stocks closing mostly lower, but Nasdaq edges up
By Newser Editors and Wire Services
Posted Sep 24, 2018 3:00 PM CDT

(Newser) – Stocks are closing mostly lower on Wall Street after China and the US put tariffs on more of each other's goods, the AP reports. Investors were also discouraged Monday by a report that China rebuffed a plan for more talks on trade. Oil prices rose after OPEC decided against increasing its output further. That helped send energy stocks higher. Technology stocks also held up better than the rest of the market. Banks and industrial companies had some of the worst losses. Comcast fell 6% after winning an auction for British satellite broadcaster Sky. The S&P 500 index fell 10 points, or 0.4%, to 2,919. The Dow Jones Industrial Average fell 181 points, or 0.7%, to 26,562. The Nasdaq composite edged up 6 points, or 0.1%, to 7,993. (Read more stock market stories.)

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