 © Reuters. Investing.com - The Dow fell for the second-straight day Thursday as reports President Donald Trump is unlikely to meet with President Xi Jinping before the March trade deadline weighed on sentiment. The fell 0.87%. The lost 0.94%, while the fell 1.18%. Hopes of a U.S.-China trade deal were thrown into doubt as CNBC reported that a meeting between Trump and Xi is "highly unlikely" to take place before March 1, after which, in the absence of a deal, the U.S. could impose another round of tariffs and raise duties on imports to 25% from 10%. Without a deal, many fear the tit-for-tat tariff exchange between the two nations could resume, pressuring global economic growth, potentially undoing the strong stock gains seen so far this year. The U.S. has slapped tariffs on $250 billion worth of Chinese goods, about half the value of U.S. imports from the country. China has retaliated with tariffs on $110 billion worth of American exports. Boeing (NYSE:) and Caterpillar (NYSE:), widely viewed as barometers of trade given their large international exposure, fell 1%, dragging industrials lower. Beyond trade, falling energy stocks deepened losses in the broader market as U.S. oil prices fell 2% on fears that a prolonged U.S.-China trade war could hurt global oil demand growth, pressuring prices. Tech stocks, meanwhile, were led sharply lower by a plunge in Twitter. Twitter (NYSE:) fell 9.8% as the company's better-than-expected quarterly results played second fiddle to , which fell short of estimates. Other social media companies, including Facebook (NASDAQ:) and Snap (NYSE:), also ended the day in the red. Elsewhere in tech, Apple's (NASDAQ:) health team reportedly hired an obstetrician, Dr. Christine Curry, in a bid to boost its profile in Women's Health, CNBC reported. Apple CEO Tim Cook, earlier this year, identified health care as a growing priority for the tech giant at a time when demand for its iPhones, which make up more than half of total sales, is feared to have peaked. There were a few bright spots on the earnings front as and delivered earnings that beat the consensus compiled by Investing.com. In other corporates news, SunTrust Banks (NYSE:) jumped after agreeing to be bought by BB&T (NYSE:) in a deal valued at about $66 billion, creating the sixth-largest U.S. bank. Top S&P 500 Gainers and Losers Today: Hanesbrands (NYSE:), Chipotle Mexican Grill (NYSE:) and SunTrust Banks (NYSE:) were among the top S&P 500 gainers for the session. Tapestry (NYSE:), Twitter (NYSE:) and Alliance Data Systems (NYSE:) were among the worst S&P 500 performers of the session. Let's block ads! (Why?)
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