The Dow Is Set for a Lower Open Because China’s Trade Data Was Really, Really Bad – Barron's

Illustration by Michael Haddad

6:44 a.m. The Dow Jones Industrial Average looks set for a lower open following weaker-than-expected trade data out of China, which caused its markets to tumble.

Dow futures have fallen 110 points, or 0.4%, while S&P 500 futures have declined the same amount. Nasdaq Composite futures have dropped 0.6%. China’s Shanghai Composite tumbled 4.4% to 2969.86.

China’s exports plunged 21% in February from a year earlier, and 4.6% month over month, a sign that the trade war with the U.S. might be having an impact. Whatever it is, it’s not helping markets this morning. “The overnight session has seen a big fall in Chinese exports take us right back into risk aversion,” writes Société Générale’s Kit Juckes.

Of course, there’s still the U.S. jobs data to come at 8:30 a.m. today. Maybe that can lift the market out of its funk?

Write to Ben Levisohn at [email protected]

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