US stocks dip before an expected rebound
US stocks futures edged lower on May 22. The markets were impacted by the new US-China bout.
By 9:57 GMT, the Dow E-minis lost 0.57%. S&P 500 futures lost 0.56%. Nasdaq 100 futures lost 0.71%
Last night the Chinese government revealed its plans to introduce its newest security laws to Hong Kong. The decision will limit the autonomy of the region.
The prospect already caused new tensions in US-China relations. President Trump warned, that the United States will oppose the legislation “very strongly”. The Senate has already published a bill that would put sanctions against the selected Chinese state officials.
Nevertheless, the major indexes are still headed for gains. The market optimism is back, riding the hopes based on new stimulus efforts and the resurgence of business activity.