The Dow Jones Today Is Surging Thanks to Tariff Delays

The Dow Jones today is on the decline as China continues to let its currency slide, accelerating China’s trade war with the United States.

But there’s a host of other geopolitical tensions pulling the DJIA this morning. Read on for details.

First, here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change Dow Jones 25,897.71 -389.73 -1.48 S&P 500 2,883.09 -35.56 -1.22 Nasdaq 7,863.41 -95.73 -1.20

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

The Top Stock Market Stories for Tuesday There’s been a sudden crash in the Argentinean peso. Argentina’s stock market plunged 35%, and the Peso slumped 25% against the U.S. dollar, after Mauricio Macri lost the first round of elections by a huge margin. The nation’s center-right leader’s reelection chances took a big hit after he and his running mate received just 32.1% of the primary vote. Center-left Alberto Fernandez and ex-leader Cristina Fernandez de Kirchner earned 47.7% of the vote. Singapore’s GDP is facing its weakest growth level in a decade. And, just like everyone else, they’re blaming the ongoing trade war between the United States and China. The country – which has one of the freest economies in the world and has been a major financial hub in the Pacific – said its growth could fall to zero this year. That figure is a far drop from the projected 2% it estimated earlier this year. The last time Singapore had a GDP this low was in 2009, when it fell to 0.6%, according to the IMF.

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Oil prices continued to dip Tuesday

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