Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data

President Donald Trump at a press conference in June. (Credit: Anna Moneymaker—Getty Images)

• The S&P 500 posted a 0.27% decline on Wednesday as investors weighed Trump’s scant-on-details trade deal with China as well as an inflation report that outperformed analysts’ expectations.

The stock markets dropped on Wednesday despite a seemingly positive development in the trade war between the U.S. and China alongside a better-than-expected inflation report for May. The S&P 500 dipped 0.27%, the Nasdaq fell 0.50%, and the Dow Jones closed the day essentially flat.