The S&P 500 Index ($SPX) (SPY) today is down -0.99%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.37%. December E-mini S&P futures (ESZ25) are down -1.00%, and December E-mini Nasdaq futures (NQZ25) are down -1.42%.
Stock indexes are retreating today as the US-China trade conflict escalates further after China sanctioned five US units of South Korean shipbuilder Hanwha Ocean Co., in the latest in a series of tit-for-tat moves. Both countries have slapped special port fees on each other's vessels. The moves have implications for the global economy, as vessels are responsible for moving more than 80% of international trade.
