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Investing.com-- U.S. stock index futures fell slightly on Sunday evening following more warnings of trade tariffs from President-elect Donald Trump, while investors also awaited a slew of cues on interest rates this week.
Futures fell after Wall Street indexes raced to record highs on Friday, as investors cheered persistent signs of resilience in the U.S. economy. Investors also largely maintained bets that the Federal Reserve will cut interest rates in December.
S&P 500 Futures fell 0.1% to 6,047.50 points, while Nasdaq 100 Futures fell 0.1% to 20,971.75 points by 19:03 ET (00:03 GMT). Dow Jones Futures fell 0.1% to 45,028.0 points.
Trump threatens ‘100% tariffs’ against BRICS countries
Trump on Sunday threatened to impose “100% tariffs” on the BRICS bloc of countries, which includes China.
Trump criticized the bloc’s attempts to form its own currency and shift away from the U.S. dollar, threatening to cut the bloc off from U.S. trade over the move. He called for commitments to the dollar from the bloc.
Trump’s latest comments come after he had last week threatened higher import tariffs against China, Mexico and Canada, rattling global markets with the prospect of more protectionist policies in the U.S.
Investors also feared retaliatory measures from U.S. trading partners, especially China, which could spark a renewed trade war between the world’s biggest economies.
Wall St at record highs with rate cues in focus
Wall Street indexes surged to record highs in shortened trading on Friday, as investors cheered recent signs of resilience in the economy and also maintained bets that the Fed will cut rates later in December.
Investing.com-- U.S. stock index futures fell slightly on Sunday evening following more warnings of trade tariffs from President-elect Donald Trump, while investors also awaited a slew of cues on interest rates this week.
Futures fell after Wall Street indexes raced to record highs on Friday, as investors cheered persistent signs of resilience in the U.S. economy. Investors also largely maintained bets that the Federal Reserve will cut interest rates in December.
S&P 500 Futures fell 0.1% to 6,047.50 points, while Nasdaq 100 Futures fell 0.1% to 20,971.75 points by 19:03 ET (00:03 GMT). Dow Jones Futures fell 0.1% to 45,028.0 points.
Trump threatens ‘100% tariffs’ against BRICS countries
Trump on Sunday threatened to impose “100% tariffs” on the BRICS bloc of countries, which includes China.
Trump criticized the bloc’s attempts to form its own currency and shift away from the U.S. dollar, threatening to cut the bloc off from U.S. trade over the move. He called for commitments to the dollar from the bloc.
Trump’s latest comments come after he had last week threatened higher import tariffs against China, Mexico and Canada, rattling global markets with the prospect of more protectionist policies in the U.S.
Investors also feared retaliatory measures from U.S. trading partners, especially China, which could spark a renewed trade war between the world’s biggest economies.
Wall St at record highs with rate cues in focus
Wall Street indexes surged to record highs in shortened trading on Friday, as investors cheered recent signs of resilience in the economy and also maintained bets that the Fed will cut rates later in December.