Global Stock Losses Hit $2.1 Trillion Ahead of Tariff Deadline
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We are hours away from additional tariffs getting slapped on Chinese goods, with the U.S. and China in pivotal trade negotiations. Fear has gripped markets and the level of sensitivity to any trade headline is extremely high.
A tweet that Donald Trump, Steven Mnuchin and Robert Lighthizer were in a meeting to discuss progress completely erased early declines in U.S. stock-index futures and contracts are now up on the day. U.S. stocks also pared Thursday morning declines right after Trump said he received a letter from Chinese President Xi Jinping and that the two may speak on the phone. (Though, benchmarks still closed lower.)