US stocks drop in premarket on new trade talks signals

By Jeff Davies

US markets were in the red during premarket trading on Wall Street on Thursday as investors digested fresh signals from China regarding trade talks between Beijing and Washington.

Spokesman for the Chinese Ministry of Commerce Gao Feng said earlier that progress was made on structural issues such as forced technology transfer and intellectual property rights. Meanwhile, as the federal government shutdown enters its 20th day, market watchers focused on US President Donald Trump statements, saying the latest meeting with Democrat Congressional leaders was a “total waste of time.”

The Dow Jones was down 0.67%, while the tech-heavy Nasdaq 100 decreased 0.87% in premarket trading. Meanwhile, the S&P 500 dropped 0.77%.

The euro lost 0.23% against the greenback, to go for 1.1527 at 4:25 am GMT.

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