U.S. stocks fell on Thursday weighed by concerns of a delay in trade talks between the United States and China, and data which showed a higher-than-expected fall in new home sales in January.
Bloomberg reported that a meeting between President Donald Trump and China’s Xi Jinping to sign an agreement to end their trade dispute won’t occur this month and is more likely to happen in April at the earliest.
At 10:14 a.m. ET the Dow Jones Industrial Average was down 59.98 points, or 0.23 percent, at 25,642.91. The S&P 500 was down 6.13 points, or 0.22 percent, at 2,804.79 and the Nasdaq Composite was down 15.66 points, or 0.20 percent, at 7,627.75.
Johnson & Johnson fell 0.6 percent after a California jury awarded $29 million to a woman who said that asbestos in the company’s talcum-powder-based products caused her cancer.