Huawei Drama Slams These 2 Chip Stocks

Trump said he was "not ready to make a deal" with China

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Midday Market Check
 
 

8/09/2019

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Stocks Struggle on Trump Trade Reluctance

By Lillian Currens

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The Dow Jones Industrial Average (DJI) is looking to end the wild trading week on a sour note, down more than 200 points at midday. President Donald Trump confirmed earlier reports that the U.S. is "not going to do business with Huawei," sending chip stocks into the red. In addition, the U.S. leader said he was "not ready to make a deal" with China, and said "we'll see whether or not we keep our [trade] meeting in September." Against this backdrop, the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also in the red at midday. 

Continue reading for more on today's market, including: 

  • Trade tensions are blasting these 2 chip stocks today. 
  • Jefferies says buy the dip on this pharma stock's bad day
  • Plus, options bulls go wild for one blockchain stock; RKDA gets a USDA nod; and how one VRAY bear made millions overnight. 
>> Continue reading...
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