(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.