The Fed's final meeting of 2019 will kick off later today
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| | 12/10/2019 | |
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Stock Futures Pivot Higher Amid Tariff Delay Reports | By Patrick Martin | | After markets snapped a three-day win streak yesterday, stock futures are reacting to a slew of trade-related headlines this morning. Dow Jones Industrial Average (DJI) futures were initially off triple-digits after the South China Morning Post suggested the chances of a U.S.-China trade deal this week are slim. However, futures quickly turned positive after the Wall Street Journal reported Washington is planning to delay additional tariffs on Chinese goods that were set to go into effect this Sunday, Dec. 15. Elsewhere, the Fed's two-day policy-setting meeting kicks off later today, though no rate cut is expected. Plus, House Democrats and President Donald Trump are reportedly finalizing the United States-Mexico-China Agreement (USMCA), a trade deal to replace the North American Free Trade Agreement (NAFTA). Continue reading for more on today's market, including: - Schaeffer's Senior V.P. of Research Todd Salamone outlines why this December could be different for stocks.
- Options traders have been blasting these three high-profile stocks.
- Plus, AutoZone scores big earnings beat; NFLX downgraded on competition concerns; and Stitch Fix avoids quarterly loss.
| >> Continue reading... | |
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