Stocks fell after President Donald Trump signaled a trade deal may not come together by Dec. 15.
 | TUE, DEC 03, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 259.45 | -4.71 | -1.78% | | INTC | 56.07 | -1.59 | -2.76% | | MSFT | 149.31 | -0.24 | -0.16% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 10.99 | -0.17 | -1.52% | | BAC | 32.84 | -0.59 | -1.76% | | AMD | 38.90 | +0.17 | +0.44% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 38.90 | +0.17 | +0.44% | | SIRI | 6.78 | -0.11 | -1.60% | | AAPL | 259.45 | -4.71 | -1.78% | |
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The Dow Jones Industrial Average took a large dive after President Donald Trump signaled he may not sign a trade deal with China until after next November's election.
Was it posturing for negotiations or an admission talks are not going as well as expected? As the market wrestled with this question, the Dow fell more than 450 points at one point, though losses moderated in afternoon trading.
Investors have been betting on some sort of a trade deal by Dec. 15. Not only is there no assurance this will happen, but Trump also announced tariffs on France in response to its plans to tax digital services.  Fear is rising, as measured by a spike in the Cboe Volatility Index, or VIX. Using hedge fund analytics tool Kensho, CNBC's Maggie Fitzgerald screened for the best places for investors to hide when the fear is rising. You already may have guessed one of them: gold. Of course, in a market like this, there's no need to be hasty. "You can see that each time the market makes new all-time highs, trade tensions escalate and markets become more volatile and sell off," said Michael Arone, chief investment strategist at State Street Global Advisors. "That happened in May, and August, and now in the last couple of days. It's become a vicious cycle." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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