Divine Capital Markets CEO and founder Dani Hughes and Ladenburg Thalmann Asset Management CEO Phil Blancato discuss the record-setting markets, recession fear and the economic impact of the impeachment inquiry.
U.S equity futures are pointing to a slightly lower open on Wednesday when Wall Street begins trading.
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The major futures indexes are indicating a slide of of 0.1 percent.
Global stock markets were mostly higher Wednesday after reports that an incentive to get the “Phase One” trade deal done between the U.S. and China, some tariffs may be rolled back.
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A 15 percent cut in tariffs on $111 billion in Chinese imports is reportedly being discussed.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 27492.63 | +30.52 | +0.11% |
| SP500 | S&P 500 | 3074.62 | -3.65 | -0.12% |
| I:COMP | NASDAQ COMPOSITE INDEX | 8434.68021 | +1.48 | +0.02% |
On Tuesday, the Dow and the Nasdaq composite both rose 0.1 percent to record highs. The S&P 500 fell 0.1 percent.
In early trading, Germany’s DAX rose 0.2 percent, France’s CAC 40 added 0.2 percent and London’s FTSE was little changed.
In Asia, Tokyo’s Nikkei gained 0.2 percent, Hong Kong’s Hang Seng was flat and the Shanghai Composite declined 0.4 percent.
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China’s central bank helped ease worries about a possible liquidity crunch by cutting its interest rate on a one-year loan by 0.05 percent to 3.25 percent.
The Associated Press contributed to this article.
