Stocks - U.S. Futures Rise as China Expresses Hope of Trade Progress

Stocks - U.S. Futures Rise as China Expresses Hope of Trade Progress

Investing.com  | Feb 11, 2019 12:00

Stocks - U.S. Futures Rise as China Expresses Hope of Trade Progress

Investing.com – U.S. futures pointed to an upbeat opening bell as investors turned their focus to a fresh round of trade talks between the U.S. and China.

Meetings kick off on Monday, with higher-level talks taking place Thursday and Friday.

Washington and Beijing officials are trying to make a deal ahead of the March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are due to increase from 10% to 25%.

Chinese officials issued upbeat statements at the weekend, but U.S. President Donald Trump's comments last week that he probably wouldn't meet with counterpart Xi Jinping ahead of the March deadline are still setting the tone.

The S&P 500 futures rose 6 points or 0.24% as of 6:41 AM ET (11:41 GMT) while Dow futures gained 62 points or 0.25% and tech-heavy Nasdaq 100 futures increased 22 points or 0.33%.

Tesla (NASDAQ:TSLA) rose 2.5% in premarket trading, while General Electric (NYSE:GE) increased 1% and Coca-Cola Company (NYSE:KO) inched up 0.4%. Twitter gained 1.2% and Netflix (NASDAQ:NFLX) was up 0.75% after its film “Roma” won best film and best director in the Bafta Awards in London on Sunday, increasing its chance of an Oscar.

Electronic Arts (NASDAQ:EA) jumped 2.4% on the back of Friday’s announcement that its game “Apex Legends” attracted 10 million players in 72 hours.

Elsewhere, Overstock.com Inc (NASDAQ:OSTK) fell 4% and semiconductor company Micron (NASDAQ:MU) slipped 1.37%.

Meanwhile, political tensions will be in focus as Democratic and Republican lawmakers struggle over immigration policy as they try to avert another U.S. government shutdown this month.

It is also the last big week of earnings, with results from Lowe’s (NYSE:LOW) Corp., Chegg (NYSE:CHGG) and others on Monday.

In commodities, gold futures slipped 0.55% $1,311.25 a troy ounce, while crude oil fell 0.72% to $52.34 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.11% to a two-month high of 96.523.

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Discussion
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (India) English (Canada) English (Australia) English (South Africa) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 中文 香港 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes

+