The S&P 500 Index ($SPX) (SPY) today is down -0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.40%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.04%. June E-mini S&P futures (ESM25) are down -0.14%, and June E-mini Nasdaq futures (NQM25) are down -0.05%.
Stock indexes today are falling as escalating trade tensions between the US and China have sapped confidence in asset markets. China’s Ministry of Commerce today accused the US of unilaterally introducing new discriminatory restrictions, including new guidelines on AI chip export controls, curbs on chip design software sales to China, and the revocation of Chinese student visas, and vowed to take measures to defend its interests. The latest flare-up threatens to worsen trade relations even after President Trump expressed hope he will speak with Chinese President Xi Jinping this week to accelerate a trade truce.
