U.S. stock index futures were lower on Tuesday morning, as market participants continued to monitor trade relations between the U.S. and China.
At around 5:40 a.m. ET, Dow futures indicated a decline of more than 130 points at the open. Futures on the S&P and Nasdaq were also lower.
Wall Street ended Monday’s session moderately lower after erasing steep early losses. Traders are optimistic that Beijing and Washington will reach a deal despite the latest escalation of tariffs, however continued uncertainty about the outcome of the talks continues to weigh on the markets.
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President Donald Trump announced Sunday he would raise current tariffs 10% on $200 billion of Chinese goods to 25% on Friday. In a Twitter post, he also threatened to impose an extra 25% levies on an additional $325 billion of Chinese goods “shortly.”
Chinese Vice Premier Liu He is expected to join a delegation in the United States this week, raising hopes of a trade agreement despite the latest round of duties.
In the corporate world, AB InBev, Mylan, Cinemark, Lyft, Petrobras, and Western Union will report their latest results.
On the data front, there is job openings and labor turnover survey (JOLTs) due at 10 a.m. ET; and consumer credit numbers due at 3 p.m. ET.
Source: cnbc.com | Original Link