Advertisement
U.S. markets close in 4 hours 3 minutes
  • S&P 500

    5,254.17
    +5.68 (+0.11%)
     
  • Dow 30

    39,782.48
    +22.40 (+0.06%)
     
  • Nasdaq

    16,403.23
    +3.71 (+0.02%)
     
  • Russell 2000

    2,132.00
    +17.66 (+0.84%)
     
  • Crude Oil

    82.66
    +1.31 (+1.61%)
     
  • Gold

    2,234.90
    +22.20 (+1.00%)
     
  • Silver

    24.92
    +0.17 (+0.70%)
     
  • EUR/USD

    1.0810
    -0.0020 (-0.18%)
     
  • 10-Yr Bond

    4.1850
    -0.0110 (-0.26%)
     
  • GBP/USD

    1.2637
    -0.0001 (-0.01%)
     
  • USD/JPY

    151.2970
    +0.0510 (+0.03%)
     
  • Bitcoin USD

    71,322.98
    +2,374.53 (+3.44%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,965.22
    +33.24 (+0.42%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Stocks - U.S. Futures Slip as US-China Talks Hit Reported Snag

Investing.com - U.S. futures fell on Thursday, after reports that trade talks with China have hit a snag on Chinese purchases of U.S. farm products, amid other concerns.

President Donald Trump has claimed that China has agreed to buy up to $50 billion of agricultural products from the U.S., but China is not ready to agree to a specific number, The Wall Street Journal reported. Negotiations have also hit a bump in other agreements, including the mooted roll-back of U.S. tariffs on Chinese goods and China's relaxation of rules on the transfer of technology between foreign companies and their local partners.

Weak industrial output data in China, and anemic growth in Japan and Germany in the third quarter also weighed on sentiment.

Nasdaq 100 futures fell 12 points or 0.2% by 6:48 AM ET (11:48 GMT), while Dow futures lost 34 points or 0.1% and S&P 500 Futures were down 4 points or 0.1%.

Meanwhile in earnings news, Walmart NYSE:WMT), Brookfield Real Assets (NYSE:RA) and Viacom (NASDAQ:VIA) are expected to report before the bell, while NVIDIA Corporation (NASDAQ:NVDA), Applied Materials (NASDAQ:AMAT) and Aurora Cannabis (TSX:ACB) release their latest results after the market close.

Stocks sensitive to trade news were lower, with Caterpillar (NYSE:CAT) dipping 0.5% and Micron Technology (NASDAQ:MU) down 0.4%. Cisco Systems (NASDAQ:CSCO) slumped 5.7% in premarket trade after it forecast its current quarter revenue to drop to 3% to 5% of growth year-on-year. Kraft Heinz (NASDAQ:KHC) fell 1.8% after Goldman Sachs (NYSE:GS) downgraded the company due to earnings weakness.

On the data front, weekly jobless claims come out at 8:30 AM ET, along with the producer price index (PPI) for October. Federal Reserve Chair Jerome Powell is expected to return to Congress for a second day of hearings starting at 10:00 AM ET.

In commodities, gold futures rose 0.4% to $1,469.25 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, inched up 0.1% to 98.280. Crude oil futures jumped 1% to $57.69 a barrel.

Related Articles

Alibaba's Hong Kong listing offers valuable Beijing goodwill

WPP says acquisitions back on agenda after Kantar sale

Singapore fines UBS $8 million over deceptive bond trades

Advertisement