U.S. Futures Slide As China Strikes Back In Trade Spat

Benzinga

U.S. stock futures fell as China hit U.S. firms with new sanctions, reigniting trade tensions. Dow, S&P 500, and Nasdaq futures dropped up to 1.4%, while gold neared $4,200 and Bitcoin slipped 3.2%.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02U.S. stock futures fell sharply on Tuesday after China announced new trade measures against the U.S.

00:07according to Barron's. Dow Jones futures dropped 0.7 percent, S&P 500 futures slid 1.2 percent,

00:13and NASDAQ 100 futures fell 1.4 percent. Beijing added five U.S. subsidiaries of South Korean

00:19shipping firm Hanwha Ocean to its sanctions list, said it would examine the impact of the U.S.'s

00:24Section 301 probe on Chinese shipping. Sell-off filed Monday's gains after Trump signaled optimism

00:30about resolving trade disputes. Messers now await earnings from BlackRock, J.P. Morgan,

00:34Goldman Sachs, and Wells Fargo, as well as the developments of the 14-day government shutdown.

00:3910-year Treasury yields slipped to 4.02 percent, gold had a record near $4,191 per ounce,

00:46and Bitcoin fell 3.2 percent. For all things money, visit Benzinga.com.

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