Futures lower as new tariffs go into effect
2018-09-24 07:24:42
Stock futures are suggesting a lower start to the week as investors react to the escalation in the trade war between the U.S. and China. With new tariffs on Chinese imports into the U.S. going into effect today, China has responded by cancelling trade talks that had been expected to take place this week. There is little else for investors today as the economic calendar is quiet. The economic data highlight of the week will be the FOMC rate decision on Wednesday, with expectations for the Fed to make a quarter-point interest rate hike. In early pre-market trading, Dow futures are 55 points…
Stock futures are suggesting a lower start to the week as investors react to the escalation in the trade war between the U.S. and China. With new tariffs on Chinese imports into the U.S. going into effect today, China has responded by cancelling trade talks that had been expected to take place this week. There is little else for investors today as the economic calendar is quiet. The economic data highlight of the week will be the FOMC rate decision on Wednesday, with expectations for the Fed to make a quarter-point interest rate hike. In early pre-market trading, Dow futures are 55 points below fair value, Nasdaq futures are 41 points below fair value and S&P futures are 6 points below fair value.