Daily Market Update
with JJ Kinahan

5 min read

Doubling Down: New Tariff Threat Could Hit Big Names, Boost Treasuries

(Tuesday Market Open) The administration doubled down on threats to China, keeping trade relations front and center and helping build pressure on stocks in pre-market trading. Chipmakers, automakers, and industrial names took the brunt of the blow in the hours before the open and Treasuries climbed as investors appeared nervous about where this trade battle might go next.

The Dow Jones Industrial Average ($DJI), where many major multinational companies reside, fell several hundred points in the pre-market hours. This echoed the trend from Friday and Monday in which the $DJI felt pressure from tariff talk. President Trump is threatening tariffs on an additional $200 billion in Chinese goods on top of the $50 billion he targeted last week. When you think of trade with China, it’s the major multinationals, chipmakers, and automakers that might come to mind as perhaps having the most to lose if trade relations decline further. Meanwhile, some investors seem inclined to seek safety in Treasuries, where 10-year yields fell below 2.9%.

The action this week comes as a reminder that in times of thin market news between earnings seasons, geopolitics can play a major role in sh

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Daily Market Update

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