By Karim Rahemtulla Last night while the Kansas City Chiefs were coming back against the San Francisco 49ers in Super Bowl 54, our eyes were fixed on two things…
The U.S. stock futures and the opening of the Shanghai Stock Exchange.
The futures market is where people trade contracts that are legal agreements for them to buy or sell something at a specified time in the future, for a predetermined price.
The U.S. stock futures were trading higher in the U.S. before the Shanghai Exchange opened. Once it opened, the futures immediately plunged almost 10%.
But the U.S. futures didn’t plunge in the U.S. market. In fact, …read more
