7/11/18 “LIVE” DAY TRADING ~ Stocks- Wall Street Slumps amid Another Round of U.S.-China Tariffs… #Hedge or Get Wiped clean!!!!
****HANDLING “DADDY DAYCARE” DUTIES while my trades are running… (Stop Losses are set!!!)
Away from my Office… Hope everyone have a fantastic Day in the Market!!! Be cautious as these #TradeWars ratchet up!!!
TRADE SAFE. CHOOSE WELL & STAY GREEN MY FRIENDS ~ #AFURAKANEMPORIUM
#WallStreet was lower on Wednesday amid fresh trade war concerns after the White House issued fresh trade tariffs against China.
The S&P 500 lost 14 points or 0.51% to 2,779.58 as of 9:43 AM ET (13:43 GMT) while the Dow composite decreased 140 points or 0.56% to 24,779.06 and tech heavy NASDAQ Composite was down 43 points or 0.56% to 7,715.99.
On Tuesday U.S. President #DonaldTrump threatented to impose tariffs of 10% on an additional 0 billion of #Chinese goods. #China has said it will retaliate but doesn’t import enough from the U.S., so is looking at other ways to hit back.
#Technology stocks slumped, with #Tesla (NASDAQ:TSLA) falling 1.74% and #Twitter Inc (NYSE:TWTR) decreasing 2.38%. Pfizer (NYSE:PFE) was down 0.37% after the drug maker announced it would reorganize its business into three units, while #Boeing (NYSE:BA) dipped 0.99%.
Elsewhere #Visa Inc (NYSE:V) rose 0.74% while #Amazon.com (NASDAQ:AMZN) inched up 0.03%. #Facebook (NASDAQ:FB) rose 0.04% despite being fined in the UK for breaching the data protection law after the #CambridgeAnalytica scandal. Industrial supply distributor #Fastenal Company (NASDAQ:FAST) surged 3.89% after its earnings results came in higher than expected.
In #Europe stocks were down. #Germany’s DAX fell 183 points or 1.45% while in #France the CAC 40 decreased 71 points or 1.32% and in #London, the FTSE 100 was down 84 points or 1.10%. Meanwhile the pan-European Euro Stoxx 50 lost 45 points or 1.32% while Spain’s IBEX 35 slumped 126 points or 1.28%.
In commodities, #gold futures fell 0.33% to ,251.20 a troy ounce while crude #oil futures decreased 1.13% to .27 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.04% to 93.89.
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7/11/18 “LIVE” DAY TRADING ~ Stocks- Wall Street Slumps amid Another Round of U.S.-China Tariffs