Offbeat Dow set to sink at the open as politics, trade woes keep investors on edge

13:10  10 august  2018
13:10  10 august  2018 Source:   cnbc.com

Dow set to surge more than 200 points on word China and the US plan to resume trade talks

  Dow set to surge more than 200 points on word China and the US plan to resume trade talks <p>U.S. stock index futures jumped ahead of Thursday's open on renewed hope that a resolution to a trade dispute with China could be on the horizon.</p>U.S. stock index futures jumped ahead of Thursday's open on renewed hope that a resolution to a trade dispute with China could be on the horizon.

Markets. Business News. Investing . Tech. Politics . CNBC TV. US futures slide as political concerns keep investors on edge . On Friday, however, red is striking markets across the board, as political woes and trade fears send jitters across global markets.

Keep Me Logged In. The Dow Jones industrial average fell Wednesday as Boeing shares pulled back on worries the While Canada and Mexico are exempt from the deal, fears over a potential trade war remain, as investors worry that countries around the world may impose their own retaliatory tariffs.

Markets Take Steep Dive Amid Continue Trade Tensions Between U.S. And China © Provided by CNBC Markets Take Steep Dive Amid Continue Trade Tensions Between U.S. And China

U.S. stock index futures fell deep into the red ahead of Friday's open, following negative sentiment in markets overseas.

Around 5:35 a.m. ET, Dow futures dropped 93 points, indicating a negative open of -93.23 points, with the S&P 500 and Nasdaq futures also pointing to a downbeat start to the day.

During yesterday's trade, the Nasdaq Composite scored its longest winning streak in close to a year, boosted by positive trade out of tech stocks including Amazon and Apple.

On Friday, however, red is striking markets across the board, as political woes and trade fears send jitters across global markets.

First crack at Musk could give top Tesla funds an edge

  First crack at Musk could give top Tesla funds an edge <p>Information about Elon Musk's efforts to take Tesla Inc private is scarce. But some small investors wonder if top funds have an edge.</p>In a blog post on Monday, the Tesla chief executive said he would sound out some of his largest shareholders on the idea. The list could include T. Rowe Price Group Inc and Fidelity Investments, which each have had a good run with the stock.

Keep Me Logged In. The Dow gained more than 300 points while the small-caps Russell 2000 index notched a record high. In recent days, markets around the globe have been on edge over concerns surrounding the euro zone's third-largest economy, Italy.

Investing . Tech. Politics . CNBC TV. Menu. The Dow Jones industrial average closed 669 points higher, with Microsoft as the best-performing stock in the index. "While fundamentals are conducive for growth, policy uncertainties related to trade are keeping investors off balance."

In politics, the U.S. remains embroiled in a trade dispute with China and on Wednesday announced that it planned to inflict sanctions on Russia over its alleged chemical poisoning of an ex-spy in England earlier this year.

Russia's Prime Minister Dmitry Medvedev warned the States on Friday that enacting these sanctions could be treated as a declaration of economic war, according to Reuters. Consequently, investors have been keeping a close eye on the Russian ruble.

Likewise, investors continue to monitor trade tensions between Washington and Beijing. This week both governments announced the possibility of imposing tit-for-tat tariffs on an additional $16 billion worth of goods.

In economic data, consumer price index (CPI) figures are due out at 8:30 a.m. ET, followed by the Monthly Treasury Statement at 2 p.m. ET.

No earnings are scheduled to come out Friday.

Rite Aid's future unclear after Albertsons merger collapses .
Rite Aid is abandoning its merger with supermarket giant Albertsons after facing opposition from certain quarters, further clouding the ailing drugstore giant's future. Rite Aid and Albertsons said they "mutually agreed" to kill their deal.As its two biggest rivals, CVS and Walgreens, keep getting bigger and more diversified, Rite Aid was hoping to do the same by arranging a tie-up with Albertsons. Privately held Albertsons was hoping to use the deal to go public.

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