Stocks open lower as trade drama continues

|By:, SA News Editor

The three major U.S. stock averages open lower after Trump blasts out a Twitter storm of tariff comments even as U.S. and China negotiators attempt to hash out an agreement.

The Dow, falls ~120 points, or 0.5%; Nasdaq slips 0.4%, and the S&P 500 is off 0.4%.

Only one of 11 S&P 500 industry sectors lights up green -- real estate (+0.3%); information technology (-0.7%) and and energy (-0.4%) lead the decline.

10-year Treasury yield rises 1 basis point to 2.455%.

Meanwhile, in Europe Stoxx 600 advances 0.6%.

Crude oil falls 0.2% to $61.60 per barrel.

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