U.S. stocks set to pick up on selloff, as trade war fears rattle investors
Friday, 2 March 2018 17:33 WIB |
MARKET UPDATE |DOW JONESIndeks saham berjangka A.S.Indeks berjangka Standard & Poor’s 500
U.S. stocks were poised to keep sliding Friday, building on a selloff prompted by fears of a global trade war.
Those worries were sparked by President Donald Trump™s announcement that the U.S. will impose tariffs on steel and aluminum imports. Some of the U.S.™s biggest trading partners have already threatened to retaliate.
Futures for the Dow Jones Industrial Average dropped 133 points, or 0.5%, to 24,570, while those for the S&P 500 index slipped 9.70 points, or 0.4%, to 2,678.50. Futures for the Nasdaq-100 Index gave up 27.25 points, or 0.4%, to 6,733.25.
On Thursday, the Dow industrials closed 1.7% lower, and the S&P 500 and Nasdaq Composite Index both ended down 1.3%.
That selloff left the three main benchmarks down more than 2% on the week, on track to break a two-week run of gains.