Stocks Drop as Hopes for a Trade Truce Fade

By Anonymous

New U.S. tariffs on $200 billion in Chinese imports are due to take effect Monday

Global stocks mostly headed lower Monday as tensions over tariffs remained front and center for investors after China canceled trade talks with the U.S.

Futures markets pointed to a 0.2% opening loss for the S&P 500. The Stoxx Europe 600 slipped 0.2%, despite energy companies posting gains as Brent crude oil prices rose above $80 per barrel.