Tue. Nov 12th, 2019

U.S. stock futures move off highs as Global Times editor tweets about China countermeasures

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U.S. stock futures

ES00, +0.21%

moved off their highs of the day as the editor-in-chief of the Global Times, Hu Xijin,tweeted that China will take further countermeasures in response to U.S. tariffs on $300 billion of goods. “Beijing will soon unveil a plan of imposing retaliatory tariffs on certain U.S. products. China has ammunition to fight back. The US side will feel the pain,” he wrote. S&P 500 futures, which were as high as 2,936.50, rose 6.30 points, or 0.22%, to 2,928.60.

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