Trump's tweets swing stock market amid trade deal uncertainty

📆 5/10/2019 4:57 PM
📰 CNBC

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Stock futures spike and drop after President Donald Trump tweets there's 'absolutely no need to rush' to reach a trade deal with China.

Stock futures tumbled early on Friday after President Donald Trump unleashed a string of tweets suggesting the U.S.-China trade war will not be resolved soon. The early morning gyrations illustrate the market-moving power of the president's Twitter feed.

In the tweet storm, Trump argued that tariffs on $200 billion in Chinese goods are bolstering the U.S. fortunes and laid out a scheme to purchase goods from American farmers and distribute them to poor nations. But one line seemed to catch the market's attention.

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Ummm, sir...realDonaldTrump My 401k is becoming a 301k. Little help, here. Thank you.

MAGA

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