US. Stocks dipped lower on Christmas Eve as investors weighed China's importance for making trade talks with American officials progress, against the news that the Finance Minister was meeting and planning to deal with the bosses of the big banks, a group called the Plunge Protection Team "to convene.
Finance Minister Steven Mnuchin called on Sunday the CEOs of the country's six largest banks in the midst of a continuing flight on Wall Street.
"The CEOs confirmed that they have sufficient liquidity to lend," said the Treasury. Mnuchin also "confirmed that there were no issues with the clearance or margin and that the markets will continue to function properly," said the department.
Meanwhile, China said it intends to cut import and export tariffs in 201
USA The markets end at 1 pm (ET).
Congress did not receive a deadline on Friday at midnight to pass a spending bill, which has led to a partial government shutdown. There are no plans to end the impasse until after Christmas.
|I: DJI||DOW JONES AVERAGES||22089.74 19659015] -355.63||-1.58%|
|SP500||S & P 500||2381.82||-34.80||-1.44%||-86.69||-1.37%|
In Asian trading on Monday, China's Shanghai ended Composite the day by 0.4 percent.
The Hang Seng Index in Hong Kong fell 0.4 percent.
And the Japanese markets were closed.
In European trading, the London FTSE fell by 0.5 percent, the French CAC fell by 1.5 percent. Germany's markets were closed on Christmas Eve.
On Friday, stock prices ended with the Nasdaq Composite in the bear market a clearly choppy session.
The tech-heavy index lost 3 percent or more Dow Jones' 195s mark fell by over 414 points or nearly 2 percent, while the S & P fell 2 percent and the week hit a third down Session ended. Investors were increasingly worried about a partial government stalemate, continuing trade with China and growing fears that the US could fall into recession in 2019.
Given the sale, investors achieved decent economic data. Q3 gross domestic product was 3.4 percent in a third update released Friday, which was analyst expectations and was slightly lower than the first 3.5 percent.