Posted on 05/13/2019 4:36:04 AM PDT by Enlightened1
Wall Street was setting up for a tough start to the week on Monday, with Dow Jones Industrial Average futures down over 300 points as investors waited for countermeasures from China after trade talks with the U.S. appeared to end in a stalemate.
How did the benchmark indexes fare?
Dow futures YMM9, -1.28% fell 311 points, or 1.2%, to 25,653, while S&P 500 futures ES, +1.86% dropped 36.40 points, or 1.2%, to 2,850.50. Nasdaq-100 futures NQM9, -1.76% slid 127.75 points, or 1.7%, to 7,482.50.
On Friday, the Dow Jones Industrial Average DJIA, +0.44% rose 114.01 points, or 0.4%, to end at 25,942.37, recovering from a deficit of more than 350 points. The S&P 500 index SPX, +0.37% gained 0.4% to 2,881.40, while the Nasdaq Composite Index COMP, +0.08% climbed 0.1% to 7,916.94.
For the week, the Dow fell 2.1%, its biggest weekly loss since March. The S&P saw a 2.2% weekly fall and the Nasdaq shed 3%, the biggest losses for both since the week ending Dec. 21.
Whow did the benchmark indexes fare?
Dow futures YMM9, -1.28% fell 311 points, or 1.2%, to 25,653, while S&P 500 futures ES, +1.86% dropped 36.40 points, or 1.2%, to 2,850.50. Nasdaq-100 futures NQM9, -1.76% slid 127.75 points, or 1.7%, to 7,482.50.
On Friday, the Dow Jones Industrial Average DJIA, +0.44% rose 114.01 points, or 0.4%, to end at 25,942.37, recovering from a deficit of more than 350 points. The S&P 500 index SPX, +0.37% gained 0.4% to 2,881.40, while the Nasdaq Composite Index COMP, +0.08% climbed 0.1% to 7,916.94.
For the week, the Dow fell 2.1%, its biggest weekly loss since March. The S&P saw a 2.2% weekly fall and the Nasdaq shed 3%, the biggest losses for both since the week ending Dec. 21.
(Excerpt) Read more at marketwatch.com ...
What’s good for America
and what’s good for Wall Street
don’t always necessarily coincide.
I agree. I don’t want that Chinese junk.
Yep. I also see the exchange of some stocks for other stocks. Market Makers are simply exchanging for stocks worth more under Chinese pullback.
Super bargains and I’m jumping in with both feet.
I’d love to see the DOW drop 1000 or more today. Within 30-45 days we will be at record highs and when the new trade agreement is announced, plan on the averages jumping about 3-4 % immediately.
We have an agreement now - 25% tariff. That is all the agreement we need. We win - they lose.
Fine, let’s “share the pain” as the Dems say. We’ll emerge much much better off. It’s time to hold China accountable.
Dow Futures now down Over 500 points. The markets open in 10 minutes.
https://www.cnbc.com/pre-markets/
Nobody loses any money on Dow Futures. It is cheap signalling.
When it comes time to bet actual money on actual investments, we will see how it plays out.
No Doubt China et al is shorting the market to add to the hysteria. When the markets rebound the will lose even more money.
Dow finishes up +100 today.
The markets are always irrational and too emotional.
I hope you are right.
Any big news coming out today?
No. they DON’T know anything!
Traders have no more inside info then I do or you do. Short sellers use any opportunity to spook the markets into a sell off and then scoop up the hugely discounted equities at a fraction of real value.
Want to hear a prediction which is 100% guaranteed to come about?
There will be a trade agreement and the agreement will leave America in a much better place from the standpoint of trade.
***********************************************************
And it was $20,000 DEC 2017.
We can tariff over 500 billion of Chinese imports while China can target just 160 billion of American imports.
This is why in the end China is in a far weaker position.
Not advice but how many see this as a buying opportunity?
I said to myself once team Trump got going and saw what they were doing in early 2017, they will make our market for manufacturing and investing to be the place to be. How does China not come back and make a deal, they can't exist without us, no freakin' way.
And, speaking of the March towards Freedom, the Brexit Party is up and running and is about to kick @zz?!
No I am not tired of winning.
BTW, IMHO the electric car/truck/motorcycle/boat/airplane revolution is coming and all the FR protestations won't stop it. The elephant in the room is China, they own the battery side of that market right now, something like 60% in fact. You don't think our Lion PDJT isn't playing hardball while Lisa Murkowski and others are working on our Lithium Supply chain so we have a domestic source and are not beholden to the ChiComs? Do you think he might be protecting the job gains in the MidWest as we head to 2020?
Start here for info in LI Supply chain...http://www.freerepublic.com/focus/f-news/3747218/posts
Trump’s tariff war with China will hit TVs, dishwashers, toys, lithium batteries, iPhones — even Silly Putty
So? Dishwashers are currently made in So Korea and America. Samsung is in process of build a huge plant here in America. Besides the items mentioned are hardly reg purchases. How often would you purchase a TV, dishwasher, cell phones?
BBC assumes the US will keep buying Chinese goods and pay the tariff instead of buying from other countries ,LOL
Of course the BBC is correct. The price disadvantage of producing in the US is a lot more than 25%.
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