(Bloomberg) — U.S. stocks retreated from all-time highs after Bloomberg reported that existing tariffs on billions of dollars of Chinese goods will likely stay in place after the presidential election.The S&P 500, Nasdaq Composite and Dow Jones Industrial indexes all pulled back from records as the conditions underscored lingering concern about future progress in negotiations. Treasuries climbed earlier after a gauge of underlying inflation rose less than forecast.“There was a lot of optimism built up and now this just throws a whole new wrench into that optimism and a lot of questions moving forward,” said Ryan Nauman, a market strategist …read more
Source:: Yahoo Finance
