S&P 500 stock futures slid 0.6 per cent on Friday (Saturday AEST), pointing to at least a near-term challenge for US equities as President Donald Trump’s July 9 trade deal deadline approaches.
US markets were closed on Friday in observance of July 4 Independence Day celebrations. Both the S&P 500 and Nasdaq Composite closed at record highs on Thursday. The Dow had also rallied on Thursday.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com