Stocks Slide as Record-Setting Run Takes a Breather

Stocks tumbled at the open on Friday, pulling back from record levels after meetings between President Trump and China's leader Xi Jinping ended without a clear messaging of what’s to come. The Dow was down 408 points, or 0.8%, while the S&P 500 fell 1.1%, and the Nasdaq was down 1.6%. “We often get more market moving social media posts in the middle of the night than we got as part of this historic meeting,” wrote Peter Tchir, Head of Macro Strategy at Academy Securities.