Investing.com - U.S. futures were mixed on Thursday, as Boeing (NYSE:BA) slumped after another setback with its grounded 737 Max, while the broader market stayed supported by hopes that China and the U.S. will avoid escalating their trade dispute.
The two countries have reportedly agreed to a truce ahead of the G20 meeting between Xi and Trump, according to the South China Morning Post. The Wall Street Journal, meanwhile, reported that Chinese President Xi Jinping is expected to present U.S. President Donald Trump with a list of demands from Washington, including lifting the ban on U.S. companies selling to Huawei, and the lifting of previous tariffs on Chinese imports.
Nasdaq 100 futures rose 18 points or 0.2% by 6:42 AM ET (10:42 GMT), while Dow futures fell 57 points or 0.2% and S&P 500 futures gained 4 points or 0.2%.
Boeing dragged on Dow futures, falling 6.3% in premarket trade after the U.S. Federal Aviation Administration found a new issue with the 737 Max's software that it will have to fix before the plane can return to service.
KB Home (NYSE:KBH) rose 6.2% after it reported a 13% increase in orders over the spring, while Advanced Micro Devices (NASDAQ:AMD) gained 1.6% and Apple (NASDAQ:AAPL) inched up 0.4%.
Elsewhere, JPMorgan Chase & Co (NYSE:JPM) dipped 1.3%, while Tesla (NASDAQ:TSLA) fell 0.5% and Micron (NASDAQ:MU) slipped 0.3%.
In earnings, Walgreens Boots Alliance (NASDAQ:WBA) is expected to report before the open, while Nike (NYSE:NKE) reports after the market close.
On the economic front, a third reading of first-quarter GDP prices and weekly jobless claims figures are out at 8:30 AM ET (12:30 GMT). Pending home sales for May are at 10:00 AM ET (14:00 GMT).
In commodities, crude oil fell 1% to $58.77 a barrel, while gold futures slipped 0.5% to $1,408.50 a troy ounce. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 95.718.