Dow Jones futures fell early Friday, along with S&P 500 futures and Nasdaq futures. President Donald Trump hiked China tariffs just after midnight, a big decision for the current stock market rally. China says it will retaliate, though China trade talks will continue Friday after halting Thursday night. The stock market indexes fell again Thursday amid various Trump comments on China trade. Apple stock briefly undercut a buy point Thursday while Alibaba ( BABA ) invalidated a recent entry point. Boeing ( BA ) continued to cut lower. AMD ( AMD ) rebounded from key support even as Intel stock sold off again. X China trade talks resumed late Thursday with Vice Premier Liu He meeting with U.S. Trade Representative Robert Lighthizer and other top officials. President Trump, Lighthizer and other U.S. officials have said China is backing off prior trade deal commitments. Trump said Wednesday night that Beijing "broke the deal." Liu's working dinner with Lighthizer and Treasury Secretary Steven Mnuchin ended, with talks resuming Friday morning, the White House said. Trump went ahead and raised tariffs on $200 billion worth of Chinese goods to 25% from 10%. He's also signaled recently that he's mulling 25% tariffs on the remaining $325 billion worth of Chinese goods. China said it "deeply regrets" the tariff hike and said it "take necessary countermeasures," but didn't specify how it will retaliate. IBD Newsletters Get exclusive IBD anal
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Source: Breaking News
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