Dow weighs on rate fears, but tech stocks rebound

The Wall Street Journal, quoting US officials, said the possibility that the US and China conclude a trade deal will fade as the Trump administration attempts to reorganize the deal. North American Free Trade (NAFTA). Meanwhile, Bloomberg News reports that the United States and Canada will likely end the week without a trade agreement.

The US administration is preparing for a new series of tariffs on Chinese products, at the end of a public comment period that ended Thursday at midnight in Washington. Investors will pay close attention to this story to see if news is unfolding in the hours or days ahead.

On Thursday, President Donald Trump hinted at a Wall Street Journal columnist that he could then wage his trade fights in Japan. The news dropped the dollar against the yen on Friday morning.

Trade tensions, combined with the collapse of emerging markets, weighed on equities this week, pushing the S & P 500 and Nasdaq to record levels. In fact, the Nasdaq was on track for its biggest start from four days to September since 2008.

"There are currently many uncertainties in the market," said Komal Sri-Kumar, chairman of Sri-Kumar Global Strategies. The United States has largely resisted, but "there are large clouds of storms coming together".

"When you have what is now a small part of global GDP in the United States and the rest of the world in crisis, it will eventually hit the United States," said Kumar. jobs report publication.

The S & P 500 and Nasdaq came in session Friday down 0.8% and 2.3% respectively. The Dow, meanwhile, was up slightly for the week.

Tesla shares fell by more than 9% after Dave Morton, chief accountant of the company, resigned from his position. Morton said in a statement that he left because of the "level of public attention given to the company".