Dow Futures Fall Over 300 Points As U.S.-China Trade Talks Appear Stalled

Market Watch ^ | 05/13/19 | Barbara Kollmeyer

[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.

[central_va]

So have you liquidated all of your stock holdings today? I mean the sky IS falling, right?

[babble-on]

No, the switching costs are too high (cap gains, and re-entry timing), and this halfwitted nimrod will be gone in 18 months anyway.

[central_va]

this halfwitted nimrod will be gone in 18 months anyway.

Are you calling President Trump a halfwitted nimrod?

[Enlightened1]

2019 Returns

 

Bitcoin- 96%

Oil - 36%

Nasdaq 100 - 16%

S&P 500 - 13%

Commodities - 9%

Bonds - 3%

Gold - 1%

 

Where are you putting your money?

[NorthMountain]

I’d imagine that a lot of people would find a regular paycheck with benefits while having days free appealing, but they’re struggling to hire enough people.

You know, it sort of does require them to do actual work. That's a lot harder than living on freeshit from the government. I bet those jobs would look a lot more attractive if we quit paying people not to work.

BTW, what sort of textiles are they making?

[RegulatorCountry]

It’s a spinning mill, they make yarn.

[NorthMountain]

Huh …. What brand? Mrs Mountain likes to knit.

[RegulatorCountry]

Not that sort of yarn, it’s for knitting socks.

[NorthMountain]

As in commercial knitting … I guess I should be looking for Made in USA socks, then.

[RegulatorCountry]

Gildan.

[Krosan]

Well, it finished -617!

[central_va]

Happy? It will take a few days to erase this stupidity.

[Krosan]

I hope it will reverse. The whole past week has made me really sad when looking at my stock portfolio. I am mostly in tech blue chips.