On Wednesday, a trio of Dow components backed the broader market following upbeat quarterly numbers…
American futures go down
On Wednesday, American futures dipped because market participants weighed the very possibility of American leader following through on his initiative to slap another batch of US levies on Chinese products as soon as a public comment period concludes on Thursday.
Facebook and Twitter attracted much attention because their top executives had to face the US Congress over their inability to cope with everlasting foreign efforts to impact American politics.
Facebook headed south by 0.7% during premarket trade. Twitter sank by 0.5%. As for Snap Inc, it inched down by 0.8%.
Besides this, tariff fears put pressure on trade-sensitive businesses, with Caterpillar as well as Boeing sliding by respectively 0.4% and 0.6%.
Consultations on an American proposal to slap levies on $200 billion more in China’s products is expected to end on September 6. US leader is willing to put these duties as soon as the comment period is over.
Canada and the United States are going to resume negotiations to clarify disputes on revamping the North American Free Trade Agreement, notwithstanding Trump's threat to proceed with trade deals with just Mexico in a bilateral pact.
Dow e-minis decreased by 0.29%. As for S&P 500 e-minis, these futures dived by 0.20%. Nasdaq 100 e-minis lost 0.23%.
As for other equities, Nike headed south by 0.13%, still getting blows from a social media backlash right after it picked up Colin Kaepernick, the first NFL sportsman to desecrate the national anthem by kneeling down, to participate in a fresh advertisement campaign.
Meanwhile, General Electric headed south by 1.5% because brokerage UBS had its price objective on the stock cut on fears over the company's power business.
In addition to this, JD.com slumped by 4.5%.
Besides this, market participants are waiting for a report from the Commerce Department on the monthly international trade deficit for July.
On Wednesday, Asian equities stood still due to the fact that worries over the outlook for global economic surge as well as the everlasting China-US trade clash kept market participants away from risky assets…
On Tuesday, Asian equities headed south along with crude prices due to the fact that downbeat mood about world surge drove traders away from risky assets…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…