US stocks slide as traders await President Trump's China news conference
US stocks slipped on Friday ahead of President Donald Trump's news conference on China.
US consumer spending in April also posted the biggest drop on record as the personal savings rate jumping to a record 33%, from 12.7%. US stocks slipped Friday as concerned traders awaited President Donald Trump's news conference on China. Consumer-spending data also showed a record drop in April, reflecting the immense economic damage caused by the coronavirus.
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