The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.69%. December E-mini S&P futures (ESZ25) fell -0.20%, and December E-mini Nasdaq futures (NQZ25) fell -0.75%.
Stock indexes settled mixed on Tuesday, with the Dow Jones Industrial Average recovering from a one-month low. Stocks were pressured on Tuesday as the US-China trade conflict escalated further after China sanctioned five US units of South Korean shipbuilder Hanwha Ocean Co., in the latest in a series of tit-for-tat moves. Both countries have slapped special port fees on each other’s vessels. The moves have implications for the global economy, as vessels are responsible for moving more than 80% of international trade. Additionally, President Trump stated that he may halt trade in cooking oil from China as a retaliatory measure against China’s refusal to purchase US soybeans.
