U.S. stocks and government bond yields slid intraday as investors piled into haven assets. The Dow Jones Industrial Average fell 7 points to 20,651, with shares of financial and technology companies posting among the biggest losses. The S&P 500 fell 0.3% and the Nasdaq Composite lost 0.4%. Stocks have wavered in recent sessions after posting a series of records in early March. The big gainer for the day was the U.S. gold price which jumped 1.6% to 1,274 US$/oz. Details on potential U.S. policy changes like tax reform and infrastructure spending remain scarce, analysts said, giving investors few reasons to place fresh bets on the so-called Trump trade that initially lifted shares of financial and industrial companies while putting pressure on government bonds. Geopolitical developments across the globe contributed to the risk-off mood, analysts said, as Secretary of State Rex Tillerson made his first official trip to Moscow and South Korean officials sought to tamp down concerns over the possibility of a pre-emptive U.S. military strike on North Korea.
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