Stocks erase most gains after Gundlach sees no trade deal with China before presidential election
The Big 3 stock market indexes erased the bulk of their gains in morning trading Thursday, afterDoubleLine Chief Executive Jeffrey Gundlach said he didn't believe there will be a U.S.-China trade deal before the U.S. presidential election. The Dow Jones Industrial Average was recently up 26 points, after being up as much as 159 points earlier in the session. The S&P 500 pared earlier gains of as much as 0.6% to be up just 0.2%, and the Nasdaq Composite was up as much as 0.9% at its intraday high but was recently up just 0.4%.
Published:9/12/2019 10:37:11 AM