Business
US stocks come off record highs on fears of new tensions after Joe Biden warns China will ‘eat our lunch’ – ABC News
US stocks ease back from record highs as investors get set for another row between the US and China, while stimulus talks drag on.
The S&P 500 and the Nasdaq gained on hopes of more stimulus, but US stocks eased back from their record highs after President Joe Biden said China was poised to “eat our lunch”, a warning that raised concerns for a market trading around record highs on hopes of more stimulus, strong earnings and an improving outlook for the pandemic.
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