U.S. stock futures traded moderately lower on Tuesday on fears of a drawn out global trade war.investors are also on edge about protests in Hong Kong and a crash in Argentina’s peso currency.
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Dow Jones Industrial futures and S&P futures are trading 0.2 percent lower. Nasdaq futures are all trading 0.3 percent lower.
Stocks fell in the last session to start the week as a wave of selling that analysts attributed to mounting doubts about a trade deal pulled lower shares of everything from banks to technology companies.
The Dow was down as many as 462 points before it pared losses to close off 389.73 points.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 25897.71 | -389.73 | -1.48% |
| SP500 | S&P 500 | 2883.09 | -35.56 | -1.22% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7863.411175 | -95.73 | -1.20% |
President Donald Trump’s latest tariff threat on Chinese goods has spooked markets globally.
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Chipmakers, which depend on China for a large portion of their revenue, were under pressure.
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Shares of Caterpillar and Boeing slipped in the premarket.
Market benchmarks in London and Frankfurt fell, while Shanghai and Tokyo closed down. Hong Kong’s main index lost 2.1 percent as pro-democracy protesters crowded into the territory’s airport for a second day.
