Stock market on edge as traders wait to see if Trump hikes tariffs

div > div.group > p:first-child"> Stock futures opened slightly lower, with S&P futures down 0.02%. Dow and Nasdaq futures were both 0.04% lower.

Peter Boockvar, chief investment officer of Bleakley Advisory Group, said the market reaction will be extreme in either direction, depending on the outcome of Thursday night's dinner. On Monday, stocks shook off the president's weekend tweet as a mere negotiation tactic. But tougher rhetoric by top U.S. trade representative Robert Lighthizer weighed on major indexes. The White House set a Friday deadline to strike a deal before existing tariffs increased from 10% to 25%.

"This is the new normal for U.S.-China trade relations — it's almost become trade policy by tariff threat," Lafferty said."What concerns me the most is, even if we do get a trade deal — which I think we will — is the market's positive reaction will be fleeting.""The markets are ruled by the news headlines, and at this time, no one can guess which way the president or China is going to go," said Chris Rupkey, chief financial economist at MUFG Union Bank.

The markets will bounce back. People buy and sell emotionally. Just remember the tariff threat thing is temporary. It will be adjusted. Since it's a scare tactic, it is meant to bring about a change. People just have to be patient. Things will go back to normal.

I’m banking on progress tonight

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tapestry's stock soars after earnings beat, $1 billion stock repurchase programShares of Tapestry Inc. soared 12% in premarket trade Thursday after the parent of Coach and Kate Spade brands reported fiscal third-quarter earnings that... Wow, what great use of $1 billion dollars. The sale & purchase of stock doesn't add anything to GDP numbers.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock-market strategist says Wall Street should shake of Trump trade anxieties and ‘buy this dip’Fundstrat Global Advisors analyst Thomas Lee says there is reason to be a buyer in this downbeat environment. ‘off’ Shake of? Does anyone proofread before hitting send?
Source: MarketWatch - 🏆 3. / 97 Read more »

Wall Street's 'fear gauge' set to jump by the most in more than year as Trump tariff talk roils stock marketThe Cboe Volatility Index , commonly known as the VIX and often referred to as Wall Street's fear gauge, was on track Monday morning for its sharpest daily...
Source: MarketWatch - 🏆 3. / 97 Read more »

Here are the biggest stock-market losers after Trump threatens more tariffsChina is still sending a trade delegation to Washington, but investors panicked Monday morning.
Source: MarketWatch - 🏆 3. / 97 Read more »