Following comments by President Trump on China trade, U.S. stock futures erase early sharp losses and now indicate a strong Wall Street open.
what had been a weekly gain for stocks, and the Dow, S&P 500, and Nasdaq have now each posted 4 straight weekly losses. That's also made August all but certain to be a losing month for Wall Street, although the losses are not quite as sharp as they were in May – the only other month in 2019 to see declines for the Dow, S&P 500, and Nasdaq. , the government is out with July durable goods orders at 8:30 a.m. ET this morning. No major companies are expected to report earnings today.
in December should Chinese tariffs on U.S.-made cars take effect, Reuters reported. It currently imports all the cars it sells in China and has had to adjust prices multiple times over the past year due to tariff changes.in Hong Kong. The company is backed by e-commerce giant Alibaba and state-owned enterprises such as Bank of China Group Investment, the bank's private equity arm. Megvii sells AI products from facial recognition technology to algorithms designed for traffic management.
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