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S&P 500
5,070.25
(
1.19%
)
US TECH 100
16,984.80
(
1.38%
)
Dow Jones
38,528.10
(
0.75%
)
Brent Oil
87.30
(
1.02%
)
Bitcoin
66,736.98
(
-0.18%
)
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mmayr

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mmayr

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Wednesday, 04/04/2018 7:30:08 AM

Wednesday, April 04, 2018 7:30:08 AM

Post# of 40611
Stock futures plunge, with the Dow set for a nearly 550 point drop, after China announces tariffs

Around 7 a.m. ET, Dow futures indicated a drop of 530 points. The Nasdaq and the S&P 500 futures also both indicated heavy losses at the open.

China has announced brand-new tariffs on 106 U.S. products, including cars, whisky, and soybeans.

Automakers were down sharply, with Ford and General Motors off 2.7 percent and 3.8 percent, respectively.

Currency wars lead to trade wars which historically end up in "hot wars".

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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