US stock index futures turn lower
US equities closed higher across the board on Monday, pushing through soft ISM manufacturing data and renewed trade tensions with China. The S&P 500 climbed 0.4%, the Nasdaq Composite advanced 0.7%, the Dow rose 0.1 and the Russell 2000 ended up 0.2%.
Source: TN Trader
Stock indices began yesterday’s session in negative territory following President Trump’s accusation over the weekend that China had already broken promises on trade. But investor risk appetite strengthened into the close, as investors continue to consider ‘buying the dip’ as a reliable trading strategy.
Risk sentiment took a knock following headlines from Beijing, which pushed back against President Donald Trump’s accusations that it had violated the terms of a temporary trade agreement. The development raised fresh concerns that negotiations between the two nations may be faltering, reversing earlier hopes of a constructive path forward.
Still, markets appeared to take the news in stride, suggesting traders believe diplomatic efforts will continue.
Despite the underlying tensions, Monday’s session reinforced the broader narrative: investors remain willing to look past near-term geopolitical noise, especially in a landscape where major indices are within striking distance of record highs.