U.S. stocks futures slipped on Friday, a day after Wall Street roared back to re...
- U.S. stocks futures slipped on Friday, a day after Wall Street roared back to record its biggest one-day rise in two months, as investors grappled with fresh trade tensions and political turmoil in Britain and Italy.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid Despite a turbulent week that started with the three main indexes having their worst one-day percentage fall of 2019 on renewed trade war fears, the benchmark S&P 500Worries of the economy slipping into a recession are back, as the trade war between the United States and China shows little signs of easing, especially after a symbolic drop in China’s currency earlier this week.
The latest concern was a report that Washington was delaying a decision about allowing some trade between U.S. companies and China’s telecom equipment maker Huawei again, pressuring chipmakers and other tariff sensitive stocks.
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