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Dow sheds 130 points at the open as China says its readying $75 billion counter-tariffs on U.S. goods – MarketWatch

Dow sheds 130 points at the open as China says its readying $75 billion counter-tariffs on U.S. goods – MarketWatch

The Dow average on Friday headed lower at the open along with the rest of the major indexes after a report surfaced indicating that China was ready to take retaliatory measures in its lasting tariff conflict with the U.S. A report from the Chinese ministry indicated that it was preparing to raise tariffs in two…

The Dow moderate on Friday headed decrease on the birth along with the rest of the predominant indexes after a document surfaced indicating that China became in a position to spend retaliatory measures in its lasting tariff battle with the U.S. A document from the Chinese ministry indicated that it became getting in a position to spend tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec. 15, which might maybe well maybe coincide with the dates that the U.S. is slated to beget greater import responsibilities on some $300 billion Beijing goods. The Dow [: DJIA] became down 130 components, or 0.5%, at 26,118, the S&P 500 index

SPX, -0.05%

declined 0.4% at 2,912, while the skills-heavy Nasdaq Composite Index

COMP, -0.04%,

which tends to be level-headed to tariff tensions, became down 0.6% at 7,947. Prior to the opening bell, stock-index futures were trading firmly higher forward of the document on the reduction of comments from St. Louis Federal President James Bullard who stated “insurance” charge cuts were wished to fight weakening growth birth air of the U.S. The market is waiting for a extremely anticipated speech from Jerome Powell on the monetary policy in Jackson Hole, Wyo., attach for 10 a.m. Jap Time. In its assertion, China wrote that “US measures salvage ended in the chronic escalation of Sino-US economic and change frictions, which salvage greatly harmed the interests of China, the United States and assorted nations, and salvage also severely threatened the multilateral trading intention and the precept of free change.”

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