Dow Futures Slide Rings a Black Friday for the Stock Market

  • Futures on the Dow Jones Industrial Average are swimming in the red this Black Friday.
  • The stock market might have a bad day today if there is no clarity regarding a U.S.-China trade deal.
  • Black Friday sales numbers are expected to be weaker than last year, and this could spark more panic.

Futures on the Dow Jones Industrial Average (DJIA) are in the red Friday morning as the U.S.-China trade war continues to rage on. President Donald Trump’s move of supporting Hong Kong protests by signing a controversial bill into law took a heavy toll on the stock market yesterday.

The effects of that decision are spilling over into Black Friday morning as Trump’s latest move could invite the wrath of Beijing and derail a potential trade deal that was reportedly very close to being signed.

BBC reports that China is reportedly miffed with Trump’s action of signing the bill into law as it will embolden the protesters in Hong Kong and disturb the country’s domestic affairs. But Beijing might not let Trump’s decision get in the way of a potential trade deal as China is all set to face another round of tariffs on Dec. 15. The stock market will be hoping that Beijing doesn’t nix the trade deal, and that will be critical to where the Dow Jones ends the week.

Dow futures swim in red amid rising U.S.-China trade tensions

Dow futures are down 62 points, or 0.22 percent, to 28,087 points at 5.29 am ET. Dow futures plunged early in pre-market today as they were hovering at 28,045 points at 3.17 am ET. It appears that the chance of Beijing not walking away from the trade deal to avoid the next round of duties has given the stock market some hope.

chart showing dow jones futures.
Futures on the Dow Jones Industrial Average are swimming in the red this Black Friday, indicating a bad day lies ahead for the stock market. | Source: Yahoo! Finance

Futures on the S&P 500…

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