Stocks Close Sharply Lower on Wall Street

Courtesy: MGN

U.S. stocks have been swinging between gains and losses as investors wait for key trade talks between the U.S. and China to start this week.

Stocks brushed off early losses and were moving higher in afternoon trading as gains in industrial companies were offset by losses elsewhere in the market.

Investors have been on edge since President Donald Trump threatened to impose higher tariffs on Chinese goods.

Health care companies and makers of household goods fell the most.

TripAdvisor shares dropped 8.3% after the vacation ratings company reported flat first quarter revenue.

Electronic Arts shares jumped 6% after the video game maker's fourth quarter profit and revenue topped Wall Street estimates.

At opening, the S&P 500 fell 9 points, or 0.3%, to 2,875. The Dow Jones Industrial Average lost 53 points, or 0.2%, to 25,911. The Nasdaq fell 27 points, or 0.4%, to 7,935.

Bond prices were little changed. The yield on the 10 year Treasury held steady at 2.44%.

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