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11/20, 3:30 PM (Source: TeleTrader)
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US markets decline at open amid trade deal fears

Markets on Wall Street started the day on Wednesday lower after media reports from China said Beijing isn't expecting a trade deal with the United States soon after US President Donald Trump threatened with an increase in tariffs unless a deal is reached. Meanwhile, US Commerce Secretary Wilbur Ross stated he remains "optimistic" about the deal. Before the bell, Target posted better-than-expected quarterly results.

The Dow Jones Industrial Average started trade 0.24% in the red. The Nasdaq 100 lost 0.28% at 9:30 am ET and the S&P 500 declined 0.17% at the same time. NetEase, Baidu and JC.com declined 0.89%, 0.87% and 1.19%, respectively, all at 9:36 am ET, as the Chinese stocks becane some of the most prominent losers on Nasdaq.

The euro lost 0.13% against the dollar to trade at 1.10638 at 9:32 am ET.

Breaking the News / VP