Another round of tariffs and lagging tech stocks are weighing on equity markets this morning after a record breaking week last week. The Dow closed in record territory on Friday after posting its biggest weekly gain since July and the S&P500 has risen in eight of the past ten trading days.
All of the major U.S. indices are struggling to find a direction in early trading this morning following a week that pushed U.S. stocks into near record levels. If the S&P500 can find a way to turn positive today it would mark the sixth straight positive session - the longest streak for the index since February.
U.S stocks have opened this holiday shortened week on a down note with the global trade story continuing to worry investors. In early trading, all of the major U.S indices are firmly in negative territory. Both the S&P500 and Nasdaq have been in positive territory for five consecutive months while the Dow has gained for two straight months.