Investors are worried about the impact on earnings should the United States’ trade war with China and other major trading partners escalate.
The Dow Jones Industrial Average .DJI fell 6.38 points, or 0.03 percent, to 25,058.12, the S&P 500 .SPX lost 2.66 points, or 0.09 percent, to 2,801.83.
U.S. investment bank Citi on Thursday cut its projections for global equity returns by mid-2019 and also downgraded its position on emerging market stocks to neutral from underweight, citing trade war risks and dollar strength.
At 10:12 am EDT the Dow Jones Industrial Average .DJI was up 26.23 points, or 0.10%, at 25,146.12, the S&P 500 .SPX was down 1.04 points, or 0.04%, at 2,808.51.
Benchmark Nifty slipped 27 points to close at 10,980.45 today after the opposition tabled a no-confidence motion against the government, which dented investor sentiment.
At 8:50 a.m. ET, Dow e-minis 1YMc1 were up 3 points, or 0.01 percent. S&P 500 e-minis ESc1 were down 1.25 points, or 0.04 percent.
At 9:35 am EDT the Dow Jones Industrial Average .DJI was down 22.28 points, or 0.09 percent, at 25,042.08, the S&P 500 .SPX was down 5.63 points, or 0.20 percent, at 2,792.80.
NSE Nifty snapped its 5-day winning rally to close marginally down by 4.30 points today due to late profit booking in media, PSU banks, realty, FMCG, parma and metal counters despite higher global cues.
The Nifty 50 index rallied by 74.90 points to close at 11,023.20 today on buying in energy, banking, finance service and infra sectors.
The Nifty 50 index ended flat at 10,948.30 today as fresh US tariff threats on Chinese goods dragged metal, banking, auto, infra and pharma sectors lower, offsetting gains in IT, energy and FMCG counters.