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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.
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