U.S. Market Review

Stock markets slipped today amid concerns of a breakthrough in U.S.-China trade talks, which are set to begin later this week.

The new series of Sino-American talks would take place as the Trump administration is embroiled in an intensifying impeachment inquiry.

The Dow Jones Industrial Average dropped 100 points, or 0.4%.

The S&P 500 slid 0.4% while the Nasdaq Composite pulled back 0.3%. Industrials was the largest loser among S&P 500 sectors, losing 0.6%.

Nvidia Corp (NVDA.O) jumped 3.1% after RBC Capital Markets boosted its price target on the chipmaker.

U.S. government debt yields rallied today as traders monitored trade developments between Washington and Beijing.

At around 9:45 a.m. ET, the yield on the benchmark 10-year Treasury note traded at 1.54%, gaining around 3 basis points from Friday’s session close.