U.S. stock index futures edged higher on Friday morning following Thursday’s record close for the Dow Jones Industrial Average.
Around 6 a.m. ET, Dow futures indicated a positive open of more than 30 points. Futures on the S&P and Nasdaq were both little changed.
Stocks rose to record highs on Thursday after the world’s two largest economies reportedly agreed to remove existing trade tariffs, sparking a huge rotation into equities and out of bonds.
— RECOMMENDED —
Learn How You Could DOUBLE or TRIPLE Your Account in One Week!
Investors are closely monitoring news on the China-U.S. trade front after a spokesperson for the Chinese commerce ministry said that both sides had agreed to cancel existing tariffs in phases.
Furthermore, data released Friday morning showed that Chinese exports and imports declined less than expected in the month of October, according to Reuters.
Meanwhile, Jean-Claude Juncker, president of the European Commission, said there “won’t be any auto tariffs” from the U.S. on Europe next week. U.S. President Donald Trump has until Nov. 13 to decide whether he will pursue with car tariffs on the EU.
On the data front, consumer sentiment figures are due out at 10 a.m. ET, as well as wholesale trade numbers.
Source: cnbc.com | Original Link