Stocks were lower Tuesday as heightened geopolitical risks continued to weigh on markets.
 | TUE, JAN 07, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 298.39 | -1.41 | -0.47% | | MSFT | 157.58 | -1.45 | -0.91% | | INTC | 58.93 | -1.00 | -1.67% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 12.05 | -0.09 | -0.74% | | AMD | 48.25 | -0.14 | -0.29% | | MU | 58.27 | +4.71 | +8.78% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 48.25 | -0.14 | -0.29% | | MU | 58.27 | +4.71 | +8.78% | | AAPL | 298.39 | -1.41 | -0.47% | |
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President Donald Trump said he'd reduce the trade deficit and it looks like he finally did it in November. The imbalance between imports and exports declined more than expected to the lowest level in three years, CNBC's Jeff Cox writes. Tariffs against China were a key driver - but it's likely the decline in Chinese imports to the U.S. will moderate once Trump signs a "phase one" trade deal, scheduled for Jan. 15.  Stocks were down Tuesday, as investors continued to assess heightened geopolitical risks from Iran. One of Wall Street's biggest bears, however, is getting a little less pessimistic on his 2020 forecast, writes CNBC's Yun Li. Francois Trahan, head of U.S. equity strategy at UBS, is expecting the S&P 500 to struggle in the first half of the year, but recover to 3,250. Of course, it's already trading around 3,240. "We expect a V-shaped year for the S&P 500," Trahan said in a note Tuesday. "We see the Index struggling … as forward earnings come under pressure, and rebounding vigorously … as equities start to discount an upcoming recovery in the economy." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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