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Market Snapshot - Tuesday 12.10.19

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DJIA Futures Tuesday 12.10.19

S&P 500 Futures Tuesday 12.10.19

Nasdaq Composite Futures Tuesday 12.10.19

Stocks today had a relatively volatile session but ended the day just slightly lower. It appears that the looming trade deadline may be a factor weighing on investor sentiment.

A new round of tariffs are scheduled to hit Chinese imports on Sunday, December 15. In a report that some investors find slightly optimistic, the WSJ said that the tariffs may be delayed amid active negotiations between the US and China. According to the report, negotiators on the US side are asking China to commit to a certain amount of agricultural purchases. Chinese negotiators, however, want to see their purchases reciprocated in the form of tariff roll-backs.

The news that US officials are reviewing this request may be what fueled the surge from todays market lows. Apparently, that surge was short-lived.

On the economic front, the non-farm productivity numbers came in at -0.2%, a slight decline from economist expectations of -0.1%. The FOMC meeting began today, and investors are awaiting tomorrows announcement in which they expect the rates to stay put.

The Dow closed at 27,881.72, down 27.88 or 0.1%. The S&P 500 and Nasdaq also slid 0.1%, closing at 3,132.52 and 8,616.18 respectively.

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About the author

Karl Montevirgen is an independent content writer. Having been involved in the commodities and FX markets for the last 9 years, Karl writes for several companies and publications in the finance space. 

You can view his extended profile, list of publications, and theoretical content work on his LinkedIn page. 

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