By Silvia Amaro, CNBC–
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 2:30 a.m. ET, Dow futures fell 148 points, indicating a negative open of more than 150 points. Futures on the S&P and Nasdaq were also lower.
Wall Street ended Monday’s session lower but showing a recovery of the bulk of its earlier losses. Traders believed that Beijing and Washington will reach a deal despite the latest escalation of tariffs.
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.
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