US Stocks Likely To Open Lower: Expert Highlights Technical Analysis Showing S&P 500’s ‘Recovery Is Real’ And Not A ‘Bull Trap’ Or ‘Bear Market Rally’ – The Campbell’s (NASDAQ:CPB), Credo Technology Group (NASDAQ:CRDO)
U.S. stock futures fell on Tuesday, pulling back after a higher close on Monday. Futures of major benchmark indices declined in premarket.
Trade tensions escalated as China’s Commerce Ministry dismissed President Donald Trump‘s allegations that Beijing had violated the Geneva trade agreement. The ministry asserted that China had fully implemented and consistently honored the deal struck last month in Geneva.
The Chinese government declared that the U.S. had “groundlessly” accused China of breaching the trade agreement. It pledged to take strong action to protect its interests.
Meanwhile, the 10-year Treasury bond yielded 4.41% and the two-year bond was at 3.92%. The CME Group’s FedWatch tool‘s projections show markets pricing a…
