U.S. Stocks, Dollar Retreat as Trump Targets Trade: Markets Wrap
- Treasuries rise as Trump strikes protectionist tone on trade
- Crude slumps, gold rallies as haven trades back in focus
Gallo: Three Testing Grounds for Trump's Policies
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U.S. stocks fell with the dollar while Treasuries gained as the Trump administration targeted reworking America’s trade relationships as investors await further details on the new president’s plans to boost government spending.
Energy and industrial shares led the S&P 500 Index lower, though equities finished above their session lows. European shares fell to the lowest level of 2017. McDonald’s Corp. and Halliburton Co. declined after results disappointed. The greenback slid against all major peers after capping a fourth weekly retreat. Gold rose to the highest since November. Ten-year Treasury yields fell a second day.