Fed, Dow Jones and China trade
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Futures on Wall Street are trading with losses ahead of the all important meeting between US President Donald Trump and Chinese President Xi Jinping. Futures on the Dow Jones are down 100 points, while those on the Nasdaq are down 80.
The Fear & Greed Index showed lower fear, Dow surged 300 pts., US & China had successful trade talks, markets cheered.
The company posted a net loss of $0.19 a share on an adjusted basis, narrower than analysts’ projected loss of $0.30 a share, according to consensus estimates. Revenue totaled $9.97 billion, falling short of the expected $10.23 billion and down 8% from the year-ago period amid lower prices and softer demand across all operating segments.