Wall Street experienced a slight dip on Monday morning due to uncertainties regarding the US-China trade discussions.

Recent talks have caused investors to shift their attention to the third-quarter earnings season, which commenced today.

Following three consecutive days of gains, all three primary American stock indexes concluded in the negative territory on Monday. Optimism surrounding the recent trade discussions between the US and Beijing weakened after Beijing suggested that further discussions would be necessary. US Treasury Secretary Steve Mnuchin also declared that unless a deal is reached before December 15th, the subsequent round of tariffs on Chinese goods entering the US will take effect. While US President Donald Trump has labeled the initial negotiation phase between the two nations as “the largest deal ever made,” no formal agreement has been reached as of now. Moreover, a significant portion of the tariffs imposed on Chinese imports is still in place.

Concurrently, companies are anticipated to unveil their earnings beginning today. JPMorgan Chase & Co, Citigroup Inc, Wells Fargo, and Goldman Sachs have already slated the publication of their third-quarter results. Additionally, major corporations like Johnson & Johnson are set to disclose their earnings reports on Tuesday. Presently, Goldman Sachs has fallen short of expectations in earnings, JPMorgan observed an 8% increase in net income and revenue during the third quarter, Citigroup reported a 6% rise in net income, and Wells Fargo also missed projected figures.