Stock Market Today: October 14, 2019
William G. Ferguson and John E. Seibert III | 10/14/2019
The stock market started in the red today, as doubts crept in about the Phase I trade deal between the U.S. and China. A news report stated that China wants another round of talks before signing to iron out a few key details. The market had risen considerably last Friday due to the traders' belief that a deal had been finalized, so this uncertainty hurt sentiment. The Dow Jones Industrial Average was down by as many as 67 points, while the other indices were down in tandem. However, sentiment improved after the initial move down, and the composites moved slightly into the green. The Dow was up by as many as 58 points, and the market moved higher in general. The rest of the day could be characterized by choppiness ahead of tomorrow’s earnings reports. Overall, the Dow closed down 29 points, and the S&P 500 was lower by four points.