6:23 PM ET
Dow Jones futures fell modestly late Thursday, along with S&P 500 futures and Nasdaq futures, extending Thursday's losses after a promising stock market rally ended abruptly when President Donald Trump announced he would impose 10% tariffs on the remaining $300 billion worth of Chinese goods, escalating the China trade war. Trump tariffs will hit the Apple iPhone and many consumer goods for the first time, prompting Apple (AAPL) to again reverse lower from a buy point. Square (SQ), Pinterest (PINS), Arista Networks (ANET), Universal Display (OLED) and Fortinet (FTNT) reported earnings late Thursday.And earlier:
Square stock and Arista stock fell late, but Pinterest stock, Fortinet stock and Universal Display stock rallied. Pinterest stock and Fortinet stock were signaling moves to possible buy points.
Universal Display stock has a best-possible IBD Composite Rating of 99. Square stock has a 97 Composite Rating, with Fortinet at 93 and Arista stock at 92. Unprofitable IPO stock Pinterest has a 68 CR.
Dow Jones Futures Today
Dow Jones futures fell 0.25% vs. fair value. S&P 500 futures dipped 0.2%. Nasdaq 100 futures retreated 0.3%. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
Current Stock Market Rally...MUCH MORE
IBD On Today's Market Reversal
4:19 pm EDT
