Singapore Markets closed

Dow Industrials Fall as Hopes for Trade Truce Fade

The Dow Jones Industrial Average retreated from its Friday record, as heightened trade tensions stoked cautiousness among investors on Monday. The Dow and the S&P 500 began the week on a downbeat note after China pulled out of trade talks with the U.S. The move came after the two countries announced new tariffs on each other’s goods last week, escalating a conflict that has kept many investors on edge this year. The broad S&P 500 dropped 10.30 points, or 0.4%, to 2919.37, while the Nasdaq Composite edged up 6.29 points, or 0.1%, to 7993.25.