The Nasdaq is leading the way lower on tariff concerns
The major indices are opening in the red. The comments from Pres. Trump in a Wall Street Journal article that the next round of tariffs on China imports are ready to go if there is not an agreement. Of course the Pres. uses this tactic often as a bargaining chip. The risk is that it backfires. Time will tell. Trump and Xi meet at the upcoming G20.
The snapshot of the markets are showing:
- The S&P index is down -7.55 points or -0.28% at 2666.46. That is below the 2017 close at 2673.61.
- The Nasdaq is down -27.4 points or -0.39% at 7054
- The Dow is down -102 points or -0.43%
Apple is down -1.09% on the day currently. Pres Trump said that Apple may not escape the tariffs this time.
Amazon is up, however, as Cyber Monday was the biggest day on record (up 0.38%).