Stock market today: Dow futures drop amid recession fears

Future contracts with Dow Jones Industrial MALED have decreased 47 points, or 0.11 %. S&P futures decreased by 0.17 %, and future NASDAC decreased by 0.23 %.

The return on the cabinet for 10 years was fixed at 4.216 % after it decreased on Friday, on greater expectations for interest rate discounts. The US dollar was fixed against the euro and reduced 0.09 % against the yen.

Gold rose 0.44 % to 3,414.10 for ounce. Oil prices in the United States decreased by 0.67 % to $ 66.88 a barrel, and Brent crude decreased by 0.72 % to $ 69.17, as OPEC declared+ increased production.

After investors marveled at the elasticity of the economy in the face of president Donald Trump’s tariff, it became clear that the circumstances were in fact much weaker, as job gains during the past three months reached only 35,000.

In addition to separate indicators showing a deterioration in spending on consumer, housing and manufacturing, the comprehensive image is one of the “on the edge of recession”, according to Mark Zandy about Moody’s analyzes. After that, after a similar warning from economists in JPMorgan.

Others have already looked a warning of bright red flags. But in the days before the job report, some of the senior commentators were still trying to explain why the Predictions of the Day of Resurrection were not fulfilled about the “Tahrir Day” tariff in Trump.

On Thursday, the former White House economic advisor Jason Foreman attributed it to the “tariff syndrome”. Last Sunday, Rockefeller International President Rooster Sharma said that the negative effects of definitions had been compensated by other factors such as pride of spending on artificial intelligence and low inflationary pressure from housing, cars and energy.

With Wall Street consistent with the economic risks such as Trump’s trade war, the definitions that will enter into force on Thursday may get more scrutiny. This includes more severe duties on commercial partners such as Canada and Switzerland.

Meanwhile, the evaluation of economic reports will decrease next week after many adults last week. On Tuesday, the trade deficit comes out for the month of June, providing update about the amount of definitions that affect imports. On Thursday, the second quarter is scheduled.

The profit season has passed its climax, but many higher names will issue quarterly reports. Palantir Technologies reports on Monday after securing a 10 billion dollar software and data contract.

Chip Giant Advanced Micro will submit a report on Tuesday – as it provides hints in the results of NVIDIA, which do not appear until August 27.

Other companies are scheduled to make profits next week, including Caterpillar, Disney and McDonald’s. It will also be a crowded time for pharmaceutical giants and biotechnology such as AMGEN, Pfizer and Eli Lilly where Trump weighs a very slope tariff.