Stocks End Mixed On Trade Talks, U.S. Heads Back To Beijing Next Week

Profit from the Pros Stocks End Mixed On Trade Talks, U.S. Heads Back To Beijing Next Week Stocks closed narrowly mixed yesterday with the Dow and the S&P marginally lower, while the Nasdaq was marginally higher. The market started off strong with all of the indexes in the green. But that gave way as the day wore on. Reports on Monday that the, as of yet unscheduled, meeting between President Trump and President Xi may get pushed back to June weighed on prices a bit. Then yesterday, reports that China may be backing away from previous trade pledges turned stocks lower. While many are dismissing these rumblings as typical negotiating rhetoric, it would not be surprising to see some traders taking profits on this news given the spectacular run-up we've seen on the expectation for a deal. Doesn't sound like anybody is souring on the prospects for a deal. But it does give a little bit of credibility to Monday's rumor that the face-to-face meeting might indeed get pushed out by another couple of months. But China is said to view the negotiations as ongoing as expected. And the U.S. has said that the talks are going very well. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin will be traveling back to Beijing the week of March 25th for more high-level talks. As I said yesterday, as long as the narrative coming out of the meetings, from both sides, is about progress, then the market should remain positive regardless of whether there's a delay in the face-to-face meeting. In the meantime, traders remain focused on the strong economy, the fantastic jobs market, the accommodative Fed, and the continued optimism for an eventual U.S.-China trade deal. Speaking of the Fed, they began their two-day FOMC meeting yesterday, and it concludes this afternoon with their FOMC Announcement, FOMC Forecasts, and Fed Chair Press Conference. But traders are literally giving a zero percent chance of a rate hike. So the accommodative monetary policy looks set to continue. And that's bullish for stocks. See you tomorrow, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [3 Hot Marijuana Picks to Buy Now]( In the first two months after California dispensaries started to legally sell recreational marijuana, companies in the cannabis industry increased by nearly $2 billion in value. And now Canada just legalized recreational marijuana. Savvy investors are already grabbing positions in these 3 picks that are set to soar. [Click Here Now >>]( Most Popular Articles from Zacks.com [5 Stocks Trading Close to 52-Week High With More Upside Left]( Investors might miss out on top gainers in a bid to avoid the steep prices of stocks which are near their 52-week high mark. [Read More »]( [6 Stocks to Gain With Fed Set to Keep Rates Unchanged]( The central bank is widely expected to keep rate hikes on hold, which is a major factor bolstering investor sentiment. [Read More »]( [Are Americans More Confident in 2019? 5 Top Picks]( Despite warnings of an impending recession by some industry experts, a closer look at the U.S. economy has a different story to tell. [Read More »]( [3 Cloud Stocks to Buy Right Now]( "The Cloud" has evolved from a budding innovation in tech to one of the largest factors driving growth in the technology sector in only a few years. [Read More »]( [3 Video Game Stocks With Superb Growth Potential]( Esports, mobile gaming, subscription models, streaming services and significant penetration into the Chinese market will act as long-term catalysts for gaming stocks. [Read More »]( Sponsor [Is the Market Rigged?]( How often have you owned a stock that gets pummeled with no logical explanation? This is often caused by computer-driven High-Frequency Traders (HFTs). They fire off massive amounts of short trades to drive stock prices down, then profit from the rebound. Their gains come at the expense of human investors. The good news is that Zacks has mounted a Counterstrike to catch the best of these "manipulated price drops" as they rebound. For example, we recently closed gains of +25.15%, +30.03%, and even one for +14.18% in just 2 days. Access to these trades must be limited. It closes to new investors Sunday, March 24. [See Counterstrike Stocks Now >>]( [Bull of the Day: Foot Locker, Inc. (FL)]( Shares have climbed 14% this year outpacing the S&P and the industry's 9% average. [Read More »]( [New Zacks Strong Buys for March 20th]( Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. [Read More »]( [Customize Your Profit from the Pros Delivery]( Download our app for convenient on-the-go access to even more—daily and weekly newsletters published by Zacks experts, proprietary research and tools, and Portfolio Tracker on Zacks.com. [Download our Zacks App for Apple iOS]( [Download our Zacks App for Android]( Visit [Success Stories]( to hear how Zacks research, tools and portfolios help our members outperform the market. Get all of our market insights and much more when you connect with us. [Visit Zacks on Facebook]( [Follow Zacks on Twitter]( [See Zacks videos on YouTube]( [Join Zacks on LinkedIn]( [Read Zacks Commentary on StockTwits]( This free resource is being sent by [Zacks.com](. We look for investment resources and inform you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. [www.zacks.com/disclaimer](. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research is not a licensed securities dealer, broker or US investment adviser or investment bank. The Zacks #1 Rank Performance covers the period beginning on January 1, 1988 through January 7, 2019. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank #1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit [( for information about the performance numbers displayed above. Zacks Emails If you would prefer to not receive future profit-producing emails from [Zacks.com]( the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please [click here]( and confirm your request. If you have trouble with the unsubscribe link, please email support@zacks.com. Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606