The Dow is poised for an eighth straight day in the red as it fell over 150 points at today’s market open amidst lingering trade tensions between the United States and China. The NASDAQ and S&P 500 were also down to start the day’s trading.
Despite concerns over trade tariff wars that are lowering consumer sentiment, the Dow still appears to be in an upward trajectory. Nonetheless, U.S.-China relations continue to weigh on the minds of investors.
Related: Trade War Talk Drags Dow Down Over 400 Points
The Focus On Tariffs
“The focus has been back on tariffs,” said Michael Hans, CIO at Clarfeld Financial Advisors. “After a pretty substantial move higher, the major averages have been pretty range bound.”