Markets Now: Dow Drops 100 Points as Emerging Markets Tumble

Want to know why the Dow Jones Industrial Average is doing what it’s doing? Check back here for a semi-live look at the volatile markets from Barron’s reporters.

6:22 a.m. September is living up to its reputation for being the worst month of the year for stocks.

After closing slightly down yesterday, stocks are set for a larger drop at the open. S&P 500 futures have declined 0.4%, while Dow Jones Industrial Average futures have dropped 121 points, or 0.5%. Nasdaq Composite futures have fallen 0.4%.

Why’s the market falling? Pick your poison. Trade talks between the U.S. and Canada are set to resume on Wednesday, and given the belligerence demonstrated by President Donald Trump, investors may be worried about the outcome, and there are reports Trump has considered a government shutdown before the mid-term elections. Emerging markets, meanwhile, continue to sell off as the U.S. dollar rallies. The iShares MSCI Emerging Markets ETF (EEM) has dropped 1.6% to $41.65 in pre-open trading.

Is that enough for you?

Sign up to Review & Preview, a new daily email from Barron’s. Every evening we’ll review the news that moved markets during the day and look ahead to what it means for your portfolio in the morning. 

Source link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the latest crypto & stock news
straight to your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.