S&P Midcap E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Thursday closed down -0.16%, the Dow Jones Industrials Index ($DOWI) closed down -0.20%, and the Nasdaq 100 Index ($IUXX) closed down -0.22%.
U.S. stock indexes moved lower Thursday on concern that trade negotiations between the U.S. and China may hit a snag if President Trump signs legislation supporting Hong Kong protesters. Trade tensions ramped-up Wednesday after Congress passed legislation supporting Hong Kong protesters that President Trump is expected to sign into law soon. China has vowed to retaliate for the legislation and sparked fears that ongoing U.S./China trade negotiations may be in jeopardy.
On the more positive side for US/Chinese trade relations, Chinese Vice Premier Liu He, China's chief trade negotiator, said on Thursday that he was "cautiously optimistic" about reaching a phase one trade deal with the U.S. Also, the South China Morning Post reported Thursday that the U.S. may delay tariffs set for Dec 15 if a trade deal... Read more