U.S. stock index futures were set to open sharply higher on Friday morning as investors continued to focus on movements in the bond market and U.S.-China trade talks.
Stocks dropped in Asia after Wednesday’s U.S. sell-off, though losses weren’t as severe, after the inversion of part of the Treasury yield curve raised recession fears. The yield on 30-year Treasuries dropped below 2% for the first time.
At around 04:55 a.m. ET, Dow futures dipped 98 points, indicating a negative open of more than 37 points. Futures on the S&P and Nasdaq were both slightly lower.
U.S. stock index futures were slightly lower Tuesday morning, after losses in the previous session fueled concerns about the state of the economy.
U.S. stock index futures dropped Monday morning, pressured by worries that an ongoing trade dispute between Washington and Beijing could tip the world and U.S. economies into recession.
In a move that stirred Wall Street, President Donald Trump recently announced that he would extend tariffs to nearly all Chinese imports to the United States, thus escalating a trade war that has the potential to harm American consumers financially and upend financial markets worldwide.
China is expected to dramatically reduce its intake of United States crude imports over the coming weeks, energy analysts have warned, following the latest flare-up in trade war tensions between the world's two largest economies.
U.S. stock index futures were higher Thursday morning following a wild ride for Wall that saw the S&P 500 log its biggest intraday comeback of the year.