Dow futures point to a slightly higher open after record close

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.


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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.

Data, earnings

On the data front, consumer sentiment figures are due out at 10 a.m. ET, as well as wholesale trade numbers.

In corporate news, Allianz, Duke Energy, and Honda Motor are set to report earnings before the opening bell.

Source: cnbc.com | Original Link

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