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Wall St wavers as investors eye trade talks, growth fears

Credit: Reuters Studio
Published on February 12, 2019 - Duration: 01:19s

Wall St wavers as investors eye trade talks, growth fears

Brexit, U.S.-China trade and another possible U.S. government shutdown concern investors.

Angela Moore reports.

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Wall St wavers as investors eye trade talks, growth fears

Wall Street see-sawed on Monday as investors eyed ongoing U.S.-China trade talks, potential congressional gridlock and a diminished Summit Place Financial Advisors CEO Liz Miller.

(SOUNDBITE) (English) SUMMIT PLACE FINANCIAL ADVISORS CEO LIZ MILLER, SAYING: "The Brexit negotiation, the China trade negotiations and the budget accord negotiation.

Well now we're a few weeks into February and I think a lot of investors are realizing that optimism may be misplaced.

We're getting closer to these deadlines without any clear signals that we're going to reach agreements on any of them." Healthcare stocks were the biggest drag on the Dow, pulled down by UnitedHealth Group, Pfizer and Merck, each down more than 1 percent.

Shares of Tesla Inc rose more than 2 percent after Cannacord Genuity upgraded the stock to "buy" from "hold." And Apple edged lower after industry research firm IDC said in a report that iPhone sales in China fell by 20 percent in the fourth quarter.

In Europe, markets closed higher and Chinese shares rose more than 1 percent on the first day of trading after the week-long Lunar New Year holiday.

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