The U.S. Dollar Index is trading at 97.92 with a loss of -0.17% percent or -0.17 point. The Dow Futures is trading at 25,957.00 up with +0.05% percent or +14.00 point. The S&P 500 Futures is trading at 2,884.38 up with +0.04% percent or +1.13 point. The Nasdaq Futures is trading at 7,596.62 up with +0.08% percent or +6.12 point.
TODAY’S FACTORS AND EVENTS
The Japanese yen rose and 10-year Treasury yields fell on Tuesday as investors fled to safer assets amid worries the U.S.-China trade conflict would get worse, days after both sides announced new tariffs.
On Friday, China said it would increase tariffs on $75 billion worth of American goods. The United States retaliated by saying it would raise existing tariffs on $250 billion worth of Chinese goods to 30% from 25% on Oct. 1.
U.S. President Donald Trump also said he would tax another $300 billion worth of Chinese imports 15%, rather than the 10% he had planned. Those levies go into effect on Sept. 1.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,898.83 up with +1.05% percent or +269.93 point. The S&P 500 is trading at 2,878.38 up with +1.10% percent or +31.27 point. The Nasdaq Composite is trading at 7,853.74 up with +1.32% percent or +101.97 point.
WORLD MARKETS
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,476.00 up with +1.13% percent or +16.52 point; the S&P 600 Small-Cap Index closed at 905.91 up with +1.05% percent or +9.41 point; the S&P 400 Mid-Cap Index closed at 1,851.39 up with +0.81% percent or +14.84 point; the S&P 100 Index closed at 1,271.79 up with +1.18% percent or +14.88 point; the Russell 3000 Index closed at 1,688.44 up with +1.06% percent or +17.70 point; the Russell 1000 Index closed at 1,592.98 up with +1.05% or +16.62 point.