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Stocks - Wall Street Slips on China Fears, Holiday Lethargy

November 29, 2019 / Investing.Com

Stocks fell Friday on a holiday-shortened trading day ostensibly because of new worries about the long-awaited phase one U.S.-China trade deal. The S&P 500 and Dow Jones industrials fell 0.4%. The Nasdaq Composite dropped 0.46%. The Nasdaq 100 dropped about 0.5%. The China issue was that President Donald Trump signed the Hong Kong Human Rights and Democracy Act, and the Beijing was unhappy about it and threatened unspecified retaliation. Wall Street reacted as if it was just more of the same in a long negotiation, with regular eruptions of anger from both sides, and that a phase one trade deal is still coming.