US Markets Slow Before Holiday Weekend

While global stock markets continued trading at a steady pace, there was a slow down on Wall Street just before the US holiday weekend.

The DAX in Germany rose by 0.2%, and in France, the CAS40 also rose 0.2%. In the UK, the FTSE dropped by 0.4%, and in the US, both the Dow futures and S&P 500 futures fell by 0.1%. In the US, with the long weekend at the end of August, investors remained wary as Wall Street slowed down for the holiday. However, previous to this, the market was boosted as fears of a global trade war were eased earlier in the week.

Fluctuations in the stock market

Gains were posted by both the S&P 500 Index and the Dow Jones Industrial Average at the end of August, and they reported their best performance in several months. NASDAQ Composite also posted a gain of 5.7% over the month, making this the best August in 18 years. It was gains from companies such as Apple and Amazon that have seen these exchanges report higher figures this month.

The application of more tariffs to foreign imports has caused many issues in recent months. Plus, negotiations of trade agreements with Canada and other countries have added to the problems. The US President has stated that yet more tariffs may be applied to goods coming into the country from China, and there have been concerns that the US may not reach a trade agreement with Canada.

Markets have also been affected by the devaluation of the Argentinian Peso, which has hit an all-time low this week.

The Labor Day Holiday takes place on 3 September, and the US markets are closed for this. The markets will resume on 4 September, when it will become more evident if all the negative factors continue to have an impact.