Nasdaq started the week in weak mood and low volumes as traders taking some profits off the table after the recent trade deal rally. The trade talks outlook remains volatile as both sides give and take. Vice Premier Liu said that China willing to cooperate with the US on trade balance, market access and investors’ protection.
Investors now increasing their bets for a cut by Fed later this month, they see an 85% chance of the Fed to lower interest rates in late October; that will be supportive for stocks.
The Dow Jones Industrial Average started 0.03% higher at 26,840, while the S&P 500 trading 0.02% lower at 2,969. The CBOE Volatility Index (VIX) gives up 0.32% today at 15.53 to confirm the nervous market mood.