US STOCKS-Wall Street dips as tech stocks lag; trade hopes cushion fall
A fall in technology stocks pulled Wall Street's main indexes lower on Tuesday as weak economic data from China revived global recession fears, but losses were tempered by hopes of a trade deal. China's factory-gate prices shrank 0.8% in August, the sharpest pace of decline in three years, as businesses slashed prices to cope with flagging demand amid a bruising trade war with the United States that has slowed growth in the world's second largest economy. "A slowdown in China is clearly a sign that global deceleration of economic activity is real and is something we're going to have to deal with," said Omar Aguilar, chief investment officer of equities and multi-asset strategies at Charles Schwab Investment Management.
Published:9/10/2019 12:31:11 PM