Wall Street opens flat despite US-China trade headlines

Major equity indexes in the U.S. started the day in a calm manner on Thursday despite the Bloomberg report hinting at the U.S.-China trade conflict lasting longer than desired. At the moment, the Dow Jones Industrial Average is virtually unchanged at 25,700 points while the S&P 500 and the Nasdaq Composite are down 0.07% and 0.09% respectively.

Citing three people familiar with the matter, Bloomberg reported that the meeting between President Trump and Chinese President Xi, at which the sides are expected to reach a final trade deal, is expected to take place in late April instead of late March that was originally planned. 

Among the 11 S&P 500 major sectors, energy is outperforming with a 0.5% daily gain while financials and technology are sticking to small gains in the early trade. On the other hand, materials, real estate, and utilities are all losing more than 0.3%.