U.S. stock futures were pointing to a lower open after President Trump said it might be better to wait until after the 2020 election to strike a trade deal with China.
down about 1% on the first trading day of December, historically the best-performing month of the year. December 2018 was terrible, however, with the market bottoming on Christmas Eve after months of selling. While December 2019 started on a down note, the Dow, S&P 500 and Nasdaq all closed at record highs just last Wednesday.US President Donald Trump speaks during his meeting with Nato Secretary General Jens Stoltenberg at Winfield House, London on December 3, 2019.
Trump, attending a NATO summit in London, said Tuesday: "In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right."for the "phase one" trade deal. The next round of U.S. tariffs on Chinese-made products, including laptops and smartphones, are set to go into effect on Dec. 15. China has been saying it wants the U.S.
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