Economics
U.S. Stocks Halt Rally, Dollar Slips With Crude: Markets Wrap
- China set to retaliate on tariffs; European shares drift lower
- Ruble tumbles after U.S. announces sanctions on Russia
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U.S. stocks halted a four-day advance as trade tensions ratcheted higher and America slapped sanctions on Russia. Oil tumbled.
The S&P 500 Index turned lower in the final minutes of trading to thwart what would have been the longest winning streak since February. It’s about half a percentage point shy of its all-time record. Equities swung between gains and losses throughout a light trading session, with energy producers leading declines after crude sank 4 percent. Markets opened lower after Washington and Beijing announced dates for fresh levies on billions in goods.