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Stocks Fall on Politics and Trade Risks; Oil Gains: Markets Wrap

Brendan Walsh, Sarah Ponczek
Stocks Fall on Politics and Trade Risks; Oil Gains: Markets Wrap

Stocks slipped on growing concern about the outlook for global trade and U.S. politics. Oil rallied toward a four-year high. Industrial shares led the S&P 500 Index lower after China warned it won’t meet with American officials unless they stop threatening to expand tariffs, while reports that Deputy Attorney General Rod Rosenstein will leave his post also weighed on stocks.