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How New Trade Drama Will Keep the Dow Jones Industrial Average Flat Today

The Dow Jones Industrial Average has the opportunity to soar on another round of solid earnings reports, but new trade tensions with the European Union may hold it back.

President Donald Trump has vowed to reciprocate against EU tariffs hurting U.S. firms like Harley Davidson (NYSE: HOG).

This comes as yet another threat of a trade war with the world's largest economic bloc.

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Dow Jones Industrial Average Sliding Today on Global Growth Concerns

The Dow Jones Industrial Average was down 150 points in premarket trading as markets raised new concerns about the health of the European Union's economy.

This morning, the European Commission cut its growth outlook for the world's largest economic bloc due to ongoing trade concerns and other factors. Its growth rate is dismal – clocking in at just 1.3% for 2019, down from 19% from last year. The report raises new concerns about further global economic slowdown.

Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq: