The Dow Jones Today Will Plunge on Chinese Tariff News

The Dow Jones today could plunge on news that Chinese leaders may cancel their Washington visit after Trump announced more possible tariffs on Twitter Inc. (NYSE: TWTR).

Also a noteworthy DJIA development: Walt Disney Co. (NYSE: DIS) is on fire.

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

Index Previous Close Point Change Percentage Change Dow Jones 26,504.95 +197.16 +0.75 S&P 500 2,945.64 +28.12 +0.96 Nasdaq 8,164.00 +127.22 +1.58

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 Monday U.S. President Donald Trump once again proved his Twitter feed has an incredible amount of power over the stock market. Over the weekend, Trump announced the current 10% levies on $200 billion worth of Chinese goods will increase to 25% later this week. Trump also said he plans to slap 25% tariffs on an additional $325 billion of Chinese goods “shortly.” Trump has complained that trade negotiations are moving too slowly for his preference. Chinese stocks plunged more than 5% after Chinese officials threatened to pull out of negotiations and not attend trade talks in Washington this week. Goldman Sachs Group Inc. (NYSE: GS) wrote that this action by Trump was a major shift from the tone of U.S. officials in recent weeks. Goldman writes that “the probability of a near-term agreement is at least slightly lower than it seemed to be recently.” Warren Buffett has spoken out on why he is ready to invest big in the energy industry. Buffett showed his enthusiasm to invest in a deal to help Occidental Petroleum Corp.‘s (NYSE: OXY) goal of buying Anadarko Petroleum Corp. (NYSE: APC). During Berkshire Hathaway Inc.‘s (NYSE: BRK.A) annual meeting, Buffett told investors that his firm plans to “put

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