The U.S. Dollar Index is trading at 98.27 with a loss of -0.10% percent or -0.10 point. The Dow Futures is trading at 26,489.00 with a loss of -0.20% percent or -53.00 point. The S&P 500 Futures is trading at 2,942.62 with a loss of -0.29% percent or -8.62 point. The Nasdaq Futures is trading at 7,763.62 with a loss of -0.49% percent or -38.00 point.
TODAY’S FACTORS AND EVENTS
A U.S. threat to impose new tariffs on Chinese imports pushed the safe-haven Japanese yen to a five-week high against the dollar and a two-and-a-half-year high against the pound.
U.S. President Donald Trump said a 10% tariff would be imposed on $300 billion worth of Chinese goods on Sept. 1, after U.S. negotiators returned from trade talks in Shanghai and reported no progress. Trump claimed China had failed to live up to promises made in previous talks.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,583.42 with a loss of -1.05% percent or -280.85 point. The S&P 500 is trading at 2,953.56 with a loss of -0.90% percent or -26.82 point. The Nasdaq Composite is trading at 8,111.12 with a loss of -0.79% percent or -64.30 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,550.76 with a loss of -1.51% percent or -23.84 point; the S&P 600 Small-Cap Index closed at 948.24 with a loss of -1.57% percent or −15.16 point; the S&P 400 Mid-Cap Index closed at 1,933.48 with a loss of -1.69% percent or -33.24 point; the S&P 100 Index closed at 1,305.66 with a loss of -0.87% percent or -11.43 point; the Russell 3000 Index closed at 1,737.49 with a loss of -0.98% percent or -17.16 point; the Russell 1000 Index closed at 1,636.87 with a loss of -0.94% or -15.53 point.