Investing.com - Wall Street was lower on Friday as the G20 summit in Argentina began and investors waited for news of possible trade talk progress between the U.S. and China.
The S&P 500 fell 2 points, or 0.09%, to 2,734.12 as of 9:39 AM ET (14:39 GMT), while the Dow decreased 47 points, or 0.19%, to 25,291.76 and the tech-heavy Nasdaq Composite dipped 10 points, or 0.16%, to 7,2681.27.
President Donald Trump and his Chinese counterpart Xi Jinping are scheduled to hold talks at the sidelines of the G20. The market was briefly encouraged by Trump’s comments on Thursday that he was close to doing “something” on trade with China, although he added that he wasn’t sure he wanted to.
Trump is also expected to meet with Russian President Vladimir Putin, the Kremlin said on Friday. Trump tweeted on Thursday that his official meeting with Putin had been cancelled.
Splunk (NASDAQ:SPLK) was among the top gainers after the morning bell, rising 6% after the software company beat estimates for the fourth year in a row. Chinese e-commerce company Alibaba (NYSE:BABA) was up 1.22%.
Marriott (NASDAQ:MAR) slumped 6% after news of a massive data breach of customers’ personal information that affected up to 500 million people. Goldman Sachs (NYSE:GS) fell 2% while Advanced Micro Devices (NASDAQ:AMD) dipped 3% and General Electric (NYSE:GE) tumbled 5%.
In commodities, gold futures fell 0.67% to $1,222.20 a troy ounce and crude oil decreased 3% to $49.71 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, gained 0.39% to 97.08.