Stocks fall over concerns of possible trade war
Fox News political contributor Tammy Bruce, Donald J. Trump for President advisory board member Gina Loudon, attorney Gayle Trotter and Capital Wave forecast editor Shah Gilani on the possibility of a trade war between the U.S. and China.
U.S. stock futures appeared set for a small opening gain Thursday as investors gauged the effect of President Trump’s selection of Larry Kudlow as his new economic adviser.
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Futures contracts tied to the blue-chip Dow Jones Industrial Average were up 73 points, while the S&P 500 futures were up 6.5 points and the tech-heavy Nasdaq Composite rose 17.5 points.
Kudlow, a free-market economist, will replace Gary Cohn, who resigned as National Economic Council director last week after Trump announced plans to implement tariffs on steel and aluminum imports. The CNBC contributor is expected to take the role despite his own opposition to tariffs. As NEC head, he will play a key role in shaping presidential policy related to the economy.
After a mixed day in Asia where investors assessed how Kudlow might influence Trump, European shares were trading modestly higher.
