American equities go down suppressed by trade clashes

American equities go down suppressed by trade clashes

On Tuesday, American futures pointed to a dive amid soaring worries about the trade conflict.

The Dow blue chip index headed south by 1.31% being worth 24688.0, the S&P 500 futures sank by 1.10% ending up with 2,749.25. As for the futures of high-tech Nasdaq 100, they slumped by 1.04% demonstrating an outcome of 7200.00.

Tensions in trade relations between China and the United States resumed. The both leading economies keep threating each with further tariffs on imported stuff.  

The latest event was Donald Trump’s threat to impose extra tariffs on China’s goods worth $200 billion. Donald Trump stressed that the new American tariffs will come into force in case China denies to change its approach to trading and proceeds with imposing new duties on US goods.   

On Friday, US leader uncovered the introduction of a 25% tariff on China’s goods worth approximately $50 billion. Responding to this move, the leading Asian country came up with a 25% tariff of $34 billion on US stuff, including soybeans and vehicles.

The equities of companies in most sectors of the American economy headed south.  The equities of Apple inched down by 0.92%, the stocks of Twitter Inc lost 1.74%, while the stocks of General Electric went down by 1.59%. As for the equities of Tesla, they edged down by nearly 1.8%. Additionally, the stocks of JPMorgan decreased by 1.23%, while the stocks of Intel lost 1.32%.

As for the shares of Intuit, the company specializing in software development, they dived by 0.40%.

European equities found themselves in the red zone. France’s CAC 40 declined by 1.03%, Germany’s DAX lost 1.24%, while London's FTSE 100 headed south by 0.41%. As for the European Euro Stoxx 50 index, it tumbled by 1.10%, while the Spanish IBEX 35 lost 0.72%.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera