The Risks For an Extended Pullback In Stocks

A Chinese official suggested respectful trade talks should continue with the U.S.

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OPENING VIEW     6/04/2019
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Stock Futures Rise, Tech Eyes Recovery By Josh Selway Share On Futures on the Dow Jones Industrial Average (DJI) are moving on trade headlines once again, this time trading above fair value. Traders are responding to a report that China's Commerce Ministry said the U.S. and China should resolve the trade dispute through respectful conversations, while there are also rumors that Congress could intervene to try and stop President Donald Trump's Mexico tariffs. The Dow is now set for a triple-digit jump at the open, with S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures in the black, as well, as tech shares try to recover from yesterday's sell-off. Continue reading for more on today's market, including:  Schaeffer's Senior V.P. of Research Todd Salamone lays out the risks for an extended pullback. Drug news sends stock 30% higher.   Antitrust concerns sparked unusual options trading on Facebook.  Plus, bears unpack Box stock; Tiffany shares signal small swing; and small-cap makes another huge move. >> Continue reading...
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