(CNBC) Stocks slid on Friday after CNBC reported that trade talks between China and the U.S. have stalled.

The Dow Jones Industrial Average traded 113 points lower, erasing a slight gain, while the S&P 500 was down 0.6%. The Nasdaq Composite traded 1% lower.

Sources told CNBC’s Kayla Tausche that scheduling discussions for further trade talks have been put on hold since the Trump administration has increased scrutiny of Chinese telecom companies. A U.S. delegation had been invited to Beijing earlier this week.

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