S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Wednesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI) closed down -0.40%, and the Nasdaq 100 Index ($IUXX) closed down -0.66%.
U.S. stock indexes fell back Wednesday on heightened trade tensions between the U.S. and China. Trade tensions ramped-up after the U.S. Senate late Tuesday night passed legislation supporting Hong Kong protesters and warned China against a violent suppression of the demonstrations. China responded by threatening unspecified retaliation if the bill becomes law.
The markets are concerned that ongoing trade talks could be threatened if Washington passes a bill supporting Hong Kong's protesters. The House and Senate have passed different Hong Kong bills and would have to first pass the same bill, and then President Trump would have to sign the bill. President Trump has not indicated whether he supports a Hong Kong bill.
Stocks remained under pressure after the editor of China's Global Times said in... Read more