Dow futures swing wildly after China threatens yet another escalation in its trade war with the United States and Walmart reports strong earnings and a brighter forecast
Walmart said its outlook for the rest of 2019 has improved after Americans shopped more at US stores in the second quarter. With its huge network of thousands of stores, Walmart is a bellwether for consumer spending.For investors, that contrasted with a threat from China. On Thursday, the Chinese Ministry of Finance said it would"take necessary countermeasures" after the United States earlier this month announced a new 10% tariff on $300 billion in Chinese goods.
Wednesday was the worst day for markets of 2019. Despite a healthy US economy and relatively strong corporate earnings, three dark clouds have intermittently loomed over the American stock market over the past year and a half: The global economic slowdown, the trade war and spooky warning signs in the bond market. All three of those bad omens have now converged. More signs of the global economic slowdown emerged Thursday, as China injected $2.
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