U.S. Stock-Index Futures tumbled after President Donald Trump said China “broke the deal” that he was negotiating on trade, days after he threatened to raise tariffs on billions of dollars in Chinese imports. S&P 500 Index futures contracts expiring in June fell 0.3% overnight in Tokyo after Trump made comments on trade talks at a campaign rally Wednesday in Panama City Beach, Florida. Dow Jones Industrial Average contracts were down 0.3% while those on the Nasdaq 100 were down 0.4%. Trump’s comments come as top Chinese trade negotiator Liu He travels to Washington Thursday for further talks. The president added that, “whatever happens, don’t worry about it. It will work out. It always does.” Earlier, U.S. stocks fell for a third day as an escalation in trade tensions prompted investors to question whether China and America will make progress as talks resume this week. The dollar rose and Treasuries fell. The S&P 500 swung between gains and losses for much of the day as markets sought a measure of calm after the White House suggested a deal was still possible even as both sides threatened to raise tariffs as soon as Friday. Stocks had swooned 2 percent to start the week as trade tensions escalated. A late drop in Intel helped to weigh on tech shares.
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