Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Stocks - U.S. Futures Slightly Lower as China Offers to Host Trade Talks 

Published 2019-11-21, 06:45 a/m
Updated 2019-11-21, 06:58 a/m
© Reuters.

© Reuters.

Investing.com - U.S. futures were down slightly as trade tensions remained in focus after reports that China has invited Washington for face-to-face talks in Beijing.

The Nasdaq 100 fell 4 points or 0.1% by 6:44 AM ET (11:44 GMT), while Dow futures lost 7 points or 0.1% and S&P 500 futures were flat at 3,108.12 points.

The Wall Street Journal reported that China made the offer last week, but the U.S. has yet to respond. Tensions between the two have increased this week after Congress passed a bill supporting protesters in Hong Kong, which Chinese officials have condemned.

Meanwhile U.S. President Donald Trump indicated on Wednesday that he is considering exempting Apple from an increase in tariffs on Chinese goods scheduled for Dec. 15. Apple Inc (NASDAQ:AAPL) gained 0.4% on the news.

Tesla Inc (NASDAQ:TSLA) inched up 0.4% ahead of its long-awaited electric pickup truck reveal this evening in Los Angeles. Tiffany & Co (NYSE:TIF) surged 3.7% after reports that LVMH had raised its offer for the company to $130 per share.

Earnings continues, with Macy’s Inc (NYSE:M), Berry Global Group Inc (NYSE:BERY), and BJs Wholesale Club Holdings Inc (NYSE:BJ) reporting before the opening bell. Gap Inc (NYSE:GPS), Intuit Inc (NASDAQ:INTU), and Splunk Inc (NASDAQ:SPLK) are among those reporting when the market closes.

On the data front, weekly jobless claims and the Philadelphia Fed manufacturing figures for November will be released at 8:30 AM ET, followed by existing home sales later in the session.

In commodities, gold futures fell 0.4% to $1,469.05 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, inched down 0.1% to 97.705. Crude oil futures slipped 0.3% to $56.84 a barrel.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.