Investing.com | Nov 26, 2019 11:58
Investing.com - U.S. futures were flat on Tuesday after reports that the U.S. and China made progress towards their “phase one” trade deal, in a shortened holiday week.
The Chinese Ministry of Commerce said in a statement that the two had “reached consensus on properly resolving relevant issues” during a phone call Tuesday morning Beijing time, but did not provide any further details.
Trading is expected to be thin this week due to the Thanksgiving holiday on Thursday.
Uber (NYSE:UBER) inched up 0.4% as the ride-sharing company said it would challenge London’s decision to not renew its license. Kraft Heinz (NASDAQ:KHC) inched up 0.5%, while cloud-computing firm Nutanix (NASDAQ:NTNX) jumped 20% after its fiscal first-quarter earnings beat estimates.
Palo Alto Networks (NYSE:PANW) fell 7.7% after it announced its eighth acquisition in two years, with the merger of Aporteto for $150 million in cash.
In commodities, gold futures inched up 0.1% to $1,464.55 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 98.245. Crude oil futures gained 0.2% to $58.12 a barrel.
Written By: Investing.com
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