REUTERS: U.S. stocks were set to drop at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020.
"I suspect it is people wondering whether or not we're going to get something accomplished," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas."Keep in mind that we've new tariffs scheduled to kick in on Dec. 15. And those tariffs are going to apply to consumer goods that have not had any tariffs placed on them yet."
At 8:46 a.m. ET, Dow e-minis were down 247 points, or 0.89per cent. S&P 500 e-minis were down 23 points, or 0.74per cent and Nasdaq 100 e-minis were down 82.5 points, or 0.99per cent.
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