Wall Street posts weekly loss as banks, chipmakers weigh
The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with US-China trade talks.
All three major US stock indexes posted a weekly loss as the markets reacted to reports from the US-China trade summit, rising US government bond yields and increasing oil prices.
I think everybody's waiting on some sort of direction on American trade talks that are occurring right now, and there's anxiety about oil prices.
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