Breaking News
0

Stocks - U.S. Futures Rise as China and U.S. Resume Trade Talks

Stock MarketsNov 15, 2018 06:47AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

Investing.com – U.S. futures were higher on Thursday, as trade war tensions eased after news that China and the U.S. are in trade talks and Walmart beat earnings estimates.

The S&P 500 futures rose 6 points or 0.22% to 2,704.5 as of 6:45 AM ET (11:45 GMT) while Dow futures were up 55 points, or 0.22%, to 25,099.0. Meanwhile tech heavy Nasdaq 100 futures increased 35 points, or 0.52%, to 6,803.75.

China and the U.S. have resumed talks on trade, Chinese Commerce Ministry spokesman Gao Feng said in Beijing. U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet at the G20 summit later this month.

Walmart Inc (NYSE:WMT) increased 0.70% in premarket trading after its earnings came in higher than expected.

Cisco (NASDAQ:CSCO) systems was among the other top gainers, jumping 5% after the company beat estimates for quarterly revenue and profit and provided a better-than-expected guidance for fiscal second-quarter revenue. Tesla (NASDAQ:TSLA) rose 0.17% while AMD increased 1.39% and Apple (NASDAQ:AAPL) inched up 0.65%.

JPMorgan Chase & Co (NYSE:JPM) gained almost 2% after a regulatory filing showed that Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) had a $4.02 billion stake in the bank.

Elsewhere, Facebook (NASDAQ:FB) inched down 0.29% while Chipotle Mexican Grill (NYSE:CMG) dipped 1.32% and Carnival (NYSE:CCL) fell 0.76%.

In economic news, retail sales are released at 8:30 AM ET (13:30 GMT). Weekly jobless claims, import prices, and manufacturing conditions in the Philadelphia and New York regions are also on the agenda.

Investors are also looking ahead to comments from Federal Reserve Chair Jerome Powell in Houston, Texas at 11:30 AM ET (16:30 GMT). On Wednesday Powell said the U.S. economy was strong and indicated that the central bank will continue to raise rates in 2019, albeit at a gradual pace.

In commodities, gold futures surged 1.02% to $1,211.40 a troy ounce while crude oil futures decreased 0.14% to $56.16 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was up 0.38% to 97.03.

Stocks - U.S. Futures Rise as China and U.S. Resume Trade Talks
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email