Major Averages Continue To Turn In Mixed Performance In Mid-Day Trading

(RTTNews) - Stocks continue to show a lack of direction in mid-day trading on Friday, as traders have once again retreated to the sidelines amid renewed uncertainty about a potential U.S.-China trade deal. The major averages have spent the day bouncing back and forth across the unchanged line.

Currently, the major averages continue to turn in a mixed performance. While the Dow is down 48.05 points or 0.2 percent at 27,626.75, the Nasdaq is up 17.42 points or 0.2 percent at 8,451.93 and the S&P 500 is up 0.57 points or less than a tenth of a percent at 3,085.75.

The choppy trading on Wall Street comes as traders digest conflicting information regarding negotiations of a U.S.-China trade deal.

Comments from a Chinese Commerce Ministry spokesman indicating the U.S. and China had agreed to roll back existing tariffs as part of a phase one trade deal contributed to strength in the markets on Thursday.

However, President Donald Trump told reporters at the White House on Friday that he has not agreed to lift the tariffs on China.
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