U.S. stocks ended a lackluster session lower as trade headlines and a spate of corporate earnings weighed on shares ahead of tomorrow’s expected Interest Rate Cut by the Federal Reserve. Treasuries edged higher. The S&P 500 turned negative in the final half hour of trading after earlier hitting a fresh record. Health-care shares rose on strong results from Merck and Pfizer. A report that China and the U.S. might not sign a partial deal next month, a day after President Donald Trump’s assertion that negotiations were ahead of schedule, dented stocks exposed to the battle. Lenders got a lift after Treasury Secretary Steven Mnuchin said he would be open to looser bank rules. Alphabet and Akami earnings dropped the Nasdaq Indexes. Elsewhere Yields on Japanese 10-year Bonds hit the highest since June and their Australian counterparts jumped almost nine basis points, yet the sell-off cooled during European hours, with yields on German and U.S. peers halting their recent surge. The Pound reversed a drop after the U.K.’s Labour Party said it will back an early election which was later announced will now take place on December 12.
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