RED OCTOBER: Amazon, Google, and Snap are plunging and taking global stocks down with them (AMZN, GOOG, SNAP)

pulse

October 26, 2018 10:31 AM

The China trade war, the Fed raising interest rates, and a spike in bond yields are all driving premarket trading lower.

Stocks finished up in US markets last night but the joy looks like it may be short-lived.
Tech stocks are way down in premarket trading, and the NASDAQ is set to open lower this morning.

LONDON — Stocks are sinking, again, after disappointing earnings reports from US tech giants weighed on an already gloomy global sentiment in markets this week.

US stocks have been having a rocky "red October," with catalysts ranging from fears about a China trade war, the Fed raising interest rates, and a spike in bond yields. Those worries eased into a relief rally Thursday with major US benchmarks all up at least 1.6%.

That relief is set to be short-lived once the opening bell rings in New York on Friday

The Nasdaq
In European trading
Euro Stoxx 50
Asian stocks
Oil is falling
Gold

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