Cash clash strains Macron’s liberal love-in

The Dow and S&P 500 ended slightly lower following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed wants progress in trade talks.

The Nasdaq ended the session essentially flat as the rebound in tech kept the index beyond negative territory.

Energy stocks weighed heaviest to the S&P 500, driven lower using a 7.1% plunge in crude prices, their biggest percentage stop by 2-1/2 years. The action sector closed down 2.4%.

Boeing reported a 37% development of 737 deliveries in October, but shares fell on concerns regarding last month’s deadly crash associated with a 737 operated by Indonesia’s Lion Air. The stock ended the session down 2.1%, giving the biggest continue the Dow.

US-China trade tensions enjoyed a reprieve as negotiations regarding the world’s two largest economies seemed to be making headway, using a US adviser saying the countries’ two leaders would meet at the G20 meeting later this month.

“If you take a look at investor sentiment…it’s fairly clear even during the sharp rally days throughout the last week there’s not been significant conviction there,” said Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management in Nyc.

“If you’re checking out market action today, that reflects an unsuredness and deficit of direction,” Pursche added. “And you’re perhaps not receiving a sense direction until we obtain via the G20 meeting and that’s assuming there’s going to be some positive developments there.”

The Dow Jones Industrial Average fell 100.69 points, or 0.4%, to 25 286.49, the S&P 500 lost 4.04 points, or 0.15%, to two 722.18 plus the Nasdaq Composite added 0.01 points, or 0%, to 7 200.88.

The S&P 500 registered its lowest close since October 31.

General Electric wound up 7.8% when the conglomerate unveiled promises to raise $4 billion by accelerating a sale of their stake in oilfield services provider Baker Hughes.

Homebuilder Beazer Homes USA jumped 30.6% after its quarterly revenue topped estimates plus the company announced a $50 million buyback plan.

Home Depot posted better-than-expected same-store sales but suggested that US home sales were scaling down and impending tariffs may lead to price hikes for its products. The stock closed nominally lower.

Amazon shares closed down 0.3% following the online retailer’s announcement that this had selected New york and Northern Virginia for its two new headquarters.

Shares of Tyson Foods Inc dropped 5.6%, among the list of biggest percentage losers about the S&P 500, after the top US meat processor’s sales missed Wall Street estimates as a result of lower interest in chicken.

As third-quarter earnings season approaches the ultimate stretch, with 91% of S&P 500 companies having reported, 77.5% have beaten estimates, according to Refinitiv data.

Declining issues outnumbered advancing ones about the NYSE using a 1.08-to-1 ratio; on Nasdaq, a 60 minute.05-to-1 ratio favored decliners.

The S&P 500 posted 11 new 52-week highs and 9 new lows; the Nasdaq Composite recorded 15 new highs and 151 new lows.

Volume for us exchanges was about 8.2 billion shares, slightly inside of the 8.4 billion average in the past 20 sessions.