The United States has seen a roller coaster ride for its stock exchange, which is one of the most influential ones in the world, but this strong market has been facing big troubles since the United States started a trade war with China that has lasted over 15 months now. The stock market has been facing trouble as the global conditions are also changing.
There was growth seen in the last week, and earlier this week as the optimism on the trade war talks with China was up. Still, this optimism has tanked as the Titanic did after being hit by that iceberg as there are complications coming up in the trade talks that were supposed to better the situation. On Thursday, the stocks tanked pretty hard as the possibility of talks with China has been diminishing despite the earnings reports from tech giants Apple and Facebook were revealed which were supposed to pick up the market. Chinese officials have doubts about whether it is possible to reach a comprehensive long-term trade deal with Washington, this has caused the stocks to drop also some banks are still upset by the federal reserve cuts as that has affected their earnings.
The markets are very shaky, and Friday is expected to bring some stabilization, but nothing is promised or can be predicted as there could be some news by either of the nations that could make things worse. Let’s see how the markets fare today.
Tags : stock exchange, US markets, shaky, trade talks, Apple and Facebook, The fate,