Dow futures point to a 300-point drop after Trump warns China against retaliating in trade war

[brooklynite]

CNBC

U.S. stock futures pointed to sharp losses on Monday as President Donald Trump ratcheted up pressure against China, intensifying the trade war between the world’s largest economies.

As of 8:09 a.m. ET, Dow Jones Industrial Average futures indicated a drop of about 350 points — 1.3% — at the open. S&P 500 futures pointed to a loss of 1.5% while Nasdaq 100 futures indicated a drop of 2%.

Trade bellwethers Caterpillar and Boeing fell more than 1% each while Apple dropped more than 2.5%.

Asian markets fell broadly. The Nikkei 225 index declined 0.7% Monday while the Shanghai Composite pulled back 1.2%. European stocks also dropped. The Stoxx 600 index fell 0.5% while the German Dax dipped 0.7%.

[greymattermom]

1. So do you think Trump makes money every time he does this?

It seems he does it as a distraction, and he probably sells a lot of stock first, does the threat, then buys back the same stock after it drops, then backs down on his threat and sells the stock when it recovers.

[uponit7771]

4. Yes !!! He's done it before in the 80s !! He simply invest in a DOW short ETF or has someone...

... else do it via offshore accounts and he makes hundreds of millions of dollars.

There's NO DOUBT ... Red Don would do shit like this.

the Dow has topped 26600 4 damn times already !!!

In the past after the 3rd top people give up on the mark unless something changes

[mobeau69]

7. You're half right.

He and his cronies short on the way down and then go long on the way up. Why would they pass up making money on the way down?

[ck4829]

2. K&R

[Iliyah]

3. From what I am reading,

t-rump does manipulate the markets.

[calguy]

5. make that 500 points

as of 7:44 cdt

[spanone]

6. Futures are -476 now