Stock Market Live Updates: Markets lower as US-China trade optimism dissipates

An investor eats a meal near a board displaying stock prices at a brokerage in Beijing Monday, Nov. 11, 2019. Shares declined Monday in Asia as investors watched for the latest developments in the China-U.S. trade war sage. (AP Photo/Ng Han Guan)An investor eats a meal near a board displaying stock prices at a brokerage in Beijing Monday, Nov. 11, 2019. Shares declined Monday in Asia as investors watched for the latest developments in the China-U.S. trade war sage. (AP Photo/Ng Han Guan)
An investor eats a meal near a board displaying stock prices at a brokerage in Beijing Monday, Nov. 11, 2019. Shares declined Monday in Asia as investors watched for the latest developments in the China-U.S. trade war sage. (AP Photo/Ng Han Guan)
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<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="9:57 a.m. ET: Millennial health a growing concern: Moody’s” data-reactid=”23″>9:57 a.m. ET: Millennial health a growing concern: Moody’s

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The declining health of the millennial generation could have a serious impact on the&nbsp;U.S. health care system, according to&nbsp;Blue Cross Blue Shield Health Index data analyzed&nbsp;by Moody’s. “Without intervention, millennials could feasibly see mortality rates climb up by more than 40% compared to Gen-Xers at the same age,” the analysis states.” data-reactid=”24″>The declining health of the millennial generation could have a serious impact on the U.S. health care system, according to Blue Cross Blue Shield Health Index data analyzed by Moody’s. “Without intervention, millennials could feasibly see mortality rates climb up by more than 40% compared to Gen-Xers at the same age,” the analysis states.

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="9:50 a.m. ET: S&amp;P as leading indicator of US growth?” data-reactid=”26″>9:50 a.m. ET: S&P as leading indicator of US growth?

In a research note published Monday, Goldman Sachs noted that the S&P 500 Index’s 9% surge over the last few months bodes well for the U.S. economy, and certain sectors. Because cyclical stocks have outperformed their defensive counterparts, the bank notes:

“The relative performance of Cyclicals vs. Defensives suggests the equity market is anticipating an acceleration in U.S. economic growth during the coming months. Investors who want to capture further cyclical upside can improve risk-reward by narrowing their focus to select cyclical stocks.

Our screen of 24 Russell 1000 stocks with high economic sensitivity but still-depressed valuations should outperform the market and other cyclicals if economic growth continues to improve.”

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="9:30 a.m. ET: Wall Street flat to weaker at the opening bell” data-reactid=”31″>9:30 a.m. ET: Wall Street flat to weaker at the opening bell

Markets pulled back on Monday from last week’s record highs, as investors digest progress (or lack thereof) between the U.S. and China on trade talks. A report from CNBC suggested the mood in Beijing is pessimistic, as a rollback of existing tariffs remains a sticking point between the two sides.

Here’s where the major benchmarks opened the session:

  • S&P 500 (^GSPC): -5 points, or -0.16%

  • Dow (^DJI): 4.8 points, or flat

  • Nasdaq (^IXIC): -24.09 points, or -0.28%

  • 10-year Treasury yield (^TNX): -0.02 bps to 1.996%

  • WTI crude oil prices: (CL=F): -0.71% to $57.31 per barrel

  • Gold (GC=F): flat at $1,469.30 per ounce

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