S&P 500 Index Futures Market News and Commentary
The S&P 500 Index ($SPX) on Thursday closed up +0.08%, the Dow Jones Industrials Index ($DOWI) close down -0.01%, and the Nasdaq 100 Index ($IUXX) closed down -0.02%.
U.S. stock indexes settled mixed Thursday on trade uncertainty and global growth concerns. Trade uncertainty weighed on stocks after China's Commerce Ministry said Thursday that removing existing tariffs was an important condition for any trade deal. Also, Bloomberg reported Thursday that a U.S. demand that China detail how it plans to reach $50 billion in agricultural imports annually has become a sticking point in negotiations on a phase new trade deal, reiterating the Wall Street Journal's similar report on Wednesday. A positive for trade was Thursday's announcement from China that it removed curbs on poultry imports from the U.S. starting Thursday.
Weakness in technology stocks weighed on the overall market Thursday, led by a -7.2% decline in Cisco Systems to a 10-1/2 month low, after it forecast an u... Read more