S&P 500 rally runs out of steam ahead of weekend US-China trade talks with some investors taking money off the table beforehand.
The S&P 500's jump to a five-week high at 5,720, to just below the 200-day simple moving average (SMA) at 5,747, on trade deal hopes is expected to lose upside momentum ahead of this week's US-China trade talks.
A fall through Thursday's 5,636 low would push the 55-day SMA at 5,596 and Wednesday's low at 5,579 to the fore.