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11/20, 9:44 PM (Source: TeleTrader)
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Wall Street closes lower as trade optimism shrinks

Major stock markets in the United States closed in the red on Wednesday as market participants watched the latest news surrounding the trade talks between the US and China. US President Donald Trump pointed out earlier that Beijing wants a trade agreement with Washington but that "the question is" if he wants to make a deal because the country is profiting from tariffs. Additionally, the Federal Open Market Committee's minutes confirmed the main reason behind the October rate cut was the trade war and uncertainties related to it, including a slowdown in global growth spilling over to the US.

The Dow Jones declined 0.40% as The Home Depot Inc. slid 2.20% The Nasdaq 100 lost 0.66% at the end of the day with the American Airlines Group Inc. falling 3.62%. The S&P 500 finished 0.38% lower as a fashion retailer L Brands Inc. tumbled by 7.10%.

The euro traded flat against the US dollar, buying 1.0765 at 4:03 pm ET.

Breaking the News / TF