NEW YORK (AP) — The latest on developments in financial markets (all times local):

11:45 a.m.

Stocks are falling sharply after President Donald Trump indicated he was in no hurry to make a trade deal with China.

Technology companies, which do a lot of business with China, stocks led the declines. Apple sank 2.5%.

Trump said he had "no deadline" for making a deal, suggesting there may not be an agreement this year, as previously hoped.

Investors were also disappointed that the U.S. proposed tariffs on French goods, a day after announcing taxes on steel and aluminum imports from Chile and Argentina.

The S&P 500 fell 34 points, or 1.1% to 3,079.

The Dow Jones Industrial Average dropped 411 points, or 1.5%, to 27,371. The Nasdaq lost 97 points, or 1.1%, to 8,470.

Bond prices rose sharply. The yield on the 10-year Treasury fell to 1.69%.

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9:35 a.m.

Stocks are opening sharply lower on Wall Street after President Donald Trump indicated he was in no hurry to make a trade deal with China.

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Technology stocks and banks led the declines. Tech stocks are particularly vulnerable to swings in trade talks because they do so much business in China. Apple sank 2.3%.

Speaking in London where he's attending a NATO summit, Trump said he had "no deadline" for making a deal, suggesting there may not be an agreement this year, as previously hoped.

The S&P 500 fell 32 points, or 1% to 3,081.

The Dow Jones Industrial Average dropped 300 points, or 1.1%, to 27,496. The Nasdaq lost 100 points, or 1.2%, to 8,467.

Bond prices rose. The yield on the 10-year Treasury fell to 1.76%.

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