Trump trade and rate comments lead to mixed open
2018-07-20 09:38:21
Stock futures fell following comments from President Trump regarding the potential for an additional $500B in tariffs that could be imposed on China and his negative view on the Fed's inclination to raise interest rates later this year. The futures pared their losses before the close of the early session, but they remained below fair value, leading to a mixed open for the broader market which will try to recapture what it lost yesterday. The Nasdaq is higher thanks in part to shares of Microsoft (MSFT), which is rising following its earnings report. The economic calendar will be quiet today, but investors will be on watch for additional trade headlines, which have been the driving force of market swings lately. In early trading, the Dow is down 43 points, the Nasdaq is up 13 points and the S&P is down 1 point.