Stock market live updates: Stocks rise, Nasdaq new record, Navarro gives overnight scare

all rose as the market was set to add to Monday's solid gains. All four of those stocks gained more than 2% in premarket trading. Banks have caught a bid over the past month amid mounting bets on the global economy reopening, which would theoretically increase consumer spending and help these companies.

U.S. futures sank after the comments. The trade advisor then walked back his comment, saying his words were taken "wildly out of context" and reassured that the deal is, in fact, not over. President Donald Trump also weighed in following Navarro's Monday interview, writing on Twitter that "The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!" Futures then recovered.

The about-face from the White House and whipsaw in equity futures highlight the fragility of the accord struck between the globe's two largest economies earlier this year. Tensions have been rising between the U.S. and China in recent months over the origins of the coronavirus pandemic and Beijing's influence over Hong Kong.

Can you believe what White house said? A bull trap

Donny must have had some words with Peter Navarro

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Stock-market’s rally threatened by shroud of uncertainty as fresh coronavirus threats to economic recovery emergeThe stock-market’s ability to chug steadily higher despite uncertainty about how the economic recovery might shape up, and when the U.S. will bring the... What are they normally standing on? Lots of warnings about the US equities 'bubble' but when it will burst, given the Fed is standing by to keep it inflated until employment and economic growth reach 'normal' levels. Who cares? So you want to stop economic stimulus because you have a 'chicken shit feeling' about the market? Go away. We need permanent UBI for all, and let the market soar. Why would you want bad things all the time? Where is your brain located?
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