President Trump sent out a tweet late Friday afternoon announcing that he would delay the next round of tariffs against China that had been set to go in effect on March 2nd. He expressed optimism that the trade talks would yield a resolution on the many structural issues at stake, culminating with a summit at Mar-a-Lago between President Xi and himself to conclude an agreement.
US stocks saw mixed results Thursday as a combination of the uncertainty surrounding the healthcare debate weighed on overall performance of the sector, and a downgrade of Biogen by Morgan Stanley and Leerink sent the stock tanking 5.1%. Several different sectors dropped into the red throughout the day, with healthcare leading the ray, touching 1% in the red at different times.
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