S&P Futures Suddenly Slide Amid Growing Trade War Fears [zero hedge]
Johnson & Johnson (JNJ)
Last johnson & johnson earnings: 4/14 06:31 am
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Source: zero hedge
After earlier tracking the latest daily rally in global equities amid surging investor optimism, rising earnings and a spending bill to end the U.S. government shutdown which saw Asian stock hit new all time highs, US futures encountered an unexpected air pocket, with the E-mini sliding as much as 10 points from session highs.There was no immediate catalyst for the move although the previously noted sharp move lower in the USDJPY, which dropped below 110.40 after trading above 111 following Tuesday's BOJ announcement, may have been a factor behind the move.Furthermore, as some trading desks point out, this latest risk off move is not unique to USDJPY, with US yields dipping lower, gold popping while S&P futs, which seemed to lead the move, slipped to $2831 at time of print. What caused risk sentiment to sour abruptly? It is unclear, but two possible triggers have been discussed: first, Trump announced tariffs on imported solar panels and washing machines late Monday. While the secto
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JNJ
Earnings
- 1/23/24 - Beat
JNJ
Sec Filings
- 3/27/24 - Form PX14A6G
- 3/13/24 - Form 4
- 3/13/24 - Form 144
- JNJ's page on the SEC website