The S&P 500 Index ($SPX) (SPY) today is down -0.80%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.88%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.89%. December E-mini S&P futures (ESZ25) are down -0.86%, and December E-mini Nasdaq futures (NQZ25) are down -1.77%.
Stock indexes gave up an early advance today and turned sharply lower, with the S&P 500 falling to a 1-week low and the Dow Jones Industrials sliding to a 2-week low. Stocks retreated on signs of rising trade tensions with China after President Trump threatened a “massive increase” of tariffs on Chinese goods, citing recent “hostile” export controls on rare-earth minerals. Mr. Trump also said there seems to be no reason to meet Chinese President Xi Jinping at the APEC meeting in South Korea later this month.
