Dow Jones Today Slumps as Chinese Tariffs Take Effect

The Dow Jones today opened lower on Friday morning following the imposition of $34 billion worth of tariffs on Chinese exports overnight. China responded to the new trade restrictions with tariffs of its own and accused the United States of fostering a potentially catastrophic trade conflict.

With global trade relations shaking up market conditions, we’ve been searching for proven ways to sustain profits in uncertain times. Money Morning technical trading specialist D.R. Barton, Jr., has identified a strategy that put Money Morning readers in profits for the entire month – and beyond. Check out D.R.’s strategy here

Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change Dow Jones 24,356.74 181.92 0.75% S&P 500 2,736.61 23.39 0.86% Nasdaq 7,586.43 83.75 1.12%

Now here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.

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Money Morning Insight of the Day

A recent U.S. Supreme Court decision opened the sports gambling floodgates. And while investors are scrambling to find the best gambling stocks to soak up that money, we’re already one step ahead…

MGM Resorts International (NYSE: MGM) recently purchased Empire City Casino and Yonkers Raceway. The deal will allow the company to capitalize on the sports gambling craze. But there’s another company trading at an incredible discount that presents an amazing opportunity for investors. This is how you could make an easy 100% in the weeks ahead.

The Top Stock Market Stories for Friday Following the U.S. tariffs on $34 billion in Chinese goods, the economic rival hit back. China returned with its own list of American products totaling

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