Wall Street's fear index is set to soar
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| | 5/06/2019 | |
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Dow Futures Slide 445 Points as Trump Tweets Reignite Trade Tensions | By Emma Duncan | | Dow Jones Industrial Average (DJI) futures are deep in the red this morning, down 445 points after President Donald Trump reignited trade war fears in a series of tweets. Specifically, Trump threatened to raise tariffs on $200 billion of Chinese goods to 25% from 10% this Friday, May 10, and said another $325 billion of Chinese goods will be slapped with a 25% tariff. China is now reportedly considering backing out of the this week's trade talks. As such, futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also notably lower, while the Cboe Volatility Index (VIX) -- or Wall Street's "fear gauge" -- is set to skyrocket. Continue reading for more on today's market, including: - Analyst says this cancer stock could surge 51%.
- Put buyers took profits on this pharma stock's slide.
- This drug stock is an "undervalued growth story."
- Plus, one drug giant's post-earnings surge; an underperforming food stock; and Pinterest stock's underwhelming analyst note.
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