Dow futures indicate more than 350 point drop at market open after Trump threatens more tariffs

[brooklynite]

Source: CNBC

U.S. stock futures traded lower on Thursday night after President Donald Trump said he has asked the United States Trade Representative to consider $100 billion in additional tariffs against China.

As of 8:25 p.m. ET, the implied open for the Dow Jones industrial average was more than 350 points lower, after earlier tanking more than 400 points. The implied opens for the S&P 500 and Nasdaq were also in the red.

Markets have been jittery in recent sessions amid fears of a potential trade war between the U.S. and China.

Read more: https://www.cnbc.com/2018/04/05/dow-futures-indicate-more-than-400-point-drop-at-market-open-after-trump-threatens-more-tariffs-on-china.html

[House of Roberts]

1. Trump's billionaire buddies are bound to be getting rich

off so much panic trading.

[democratisphere]

2. There needs to be an SEC investigation into drumpf and his cronies.

Something is stinking rotten in Washington DC.

[lunasun]

3. Yep market up today so he makes an announcement to bring it back down . I would not be surprised he

and his cronies are crooked to the core

[democratisphere]

4. Absolutely agree!

[former9thward]

5. You made an OP earlier this week about the futures dropping 500 points.

The market went up 200 points. Anyone who looks at futures for daily Dow prices doesn't know the market. It is a horrible predictor of daily prices.

[OilemFirchen]

7. Ridiculous.

Futures are a reliable gauge for predicting the day's action. That's why they're called futures.

Yesterday's lunchtime reversal was a direct result of Larry Kudlow's assertions that no tariffs were imminent - rather, that they were "proposals" meant to engender "discussion". His job was to calm the markets which, as had been predicted by the various index futures, were plunging.

Probably best not to lecture others on their knowledge of the market (sic).

[former9thward]

8. It wasn't yesterday.

Try again. Anyone who bets on the futures is an idiot. But if that is what you want to do go ahead....

[OilemFirchen]

9. This one?

Wed Apr 4, 2018, 08:23 AM - Stock futures plunge, with the Dow set for a nearly 500 point drop, after China announces tariffs

The one with this predictable response from you?

Star Member former9thward (19,512 posts)
8. Dow futures which started the OP are a horrible predictor of daily Dow changes.

[former9thward]

11. As I said go ahead, bet the futures.

I doubt you will be reporting the results.

[OilemFirchen]

12. I don't play options.

Do you?

[former9thward]

13. No.

I am smart enough to know futures are a poor predictor of the day's events.

[C_U_L8R]

6. Where are these supposed fiscal republicans??

And why aren't they storming the White House gates with tar and feathers?

[nitpicker]

10. Back up to -160

"Buy on the dip! Buy on the dip!"