Economics
Conflicting Trade Signals Rocked Markets With Three Hours of Chaos
- S&P 500 futures, yen swing on rapid-fire news on trade war
- Outcome of U.S.-China talks could have big impact on economy
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Even for investors hardened by more than a year of trade-war headlines, it’s been a chaotic few hours.
Conflicting signals on the prospects for a deal between the U.S. and China sent S&P 500 futures on one of their wildest rides in recent memory, triggering four 1%-plus swings in contracts that track $24 trillion of U.S. equities in a span of three hours.