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 Rise as Kudlow Points to Trade Deal 

Published 11/15/2019, 06:56 AM
Updated 11/15/2019, 06:58 AM
© Reuters.

© Reuters.

Investing.com - U.S. futures rose on Friday as sentiment was boosted by upbeat trade comments from White House economic advisor Larry Kudlow.

Kudlow said on Thursday that the U.S. and China were close to securing a trade deal. His comments come after a week of volatility after reports that the two sides had hit a snag over trade talks.

Nasdaq 100 rose 27 points or 0.3% by 6:55AM ET (11:55 GMT), while Dow futures gained 69 points or 0.3% and S&P 500 Futures were up 7 points or 0.2%.

Applied Materials (NASDAQ:AMAT) jumped 5.6% in premarket trade after reporting a strong fiscal fourth-quarter, while Nvidia (NASDAQ:NVDA) rose 0.4% after it beat on its top and bottom line and chipmaker Qualcomm (NASDAQ:QCOM) gained 1.7% in sympathy.

Grubhub (NYSE:GRUB) jumped 3.9% after Shake Shack (NYSE:SHAK) reported that it is launching a nationwide delivery service with the company. The service will be offered free of charge through Nov. 17.

On the data front, retail sales, import prices and the Empire State manufacturing index are out at 8:30 AM ET, followed by industrial production numbers at 9:15 AM ET.

In commodities, gold futures fell 0.4% to $1,466.85 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 98.010. Crude oil futures dipped 0.2% to $56.66 a barrel.

Latest comments

In Brazil, news reports that the trade agreement is going well and that negotiations will continue. but when the market crashes, as soon as news comes out that the deal will not come out or that Trump has given up. For some time now I've only seen incoherent news like this. When the house goes down, I hope I am not positioned in the purchase.
Kudlow cronies might be buying alot. Crazy! Fake non official hints ******many people tax money
Kudlow has signaled encouraging progress on China trade numerous times this year, but the talks have led to nothing concrete so far
I see a lot of people blaming Trump administration personnel for falsely pumping up the market with vague trade deal optimism. However, the knee-jerk bullish reactions to the false / misleading statements is on those that run the money, not the administration personnel. These reactions are what should be worrying everyone because one day, someone is going to notice that the algos responding to all these statements (that have led essentially to nowhere over the entire year in terms of an actual trade deal) )have caused a massive valuation distortion in Stock and Bond Markets which will invariable lead to the whole house of cards to come crashing down hard.
I Robot
well said
They all sleep in the same bed
Now we get weeks of the second stooge stating its just around the corner. ha ha ha
Why you don’t put the post with: Industrial Production fall -0.4 ?!?
The majority of stock market bull in US is caused by buybacks (>70%) and Fed printing money to boost stocks. US Stocks are overvalued by far. They want to look strong for as long as possible. But all of this pumping will be exhausted in less than one year.
Kudlow has probably made more money during his short stint working with Trump than his entire working career.  There is no doubt people are frontrunning this propaganda.
wait what.. didnt trump say trade deal in hold yesterday??? and now kudlow says it's happening what's going on
six flag administration
trump says trade deal is on hold yesterday. today kudlow says it is on and the market jumps.
what's strategy of spreading fake news again n again...
if not white house is above the law, those pumpers should have been arrested by Sec
As some big guys behind the market are controlling, you can say trump/us gov is helping them to grab money from us.
how poor, stock climb just because of fake news.. again and again about trade war *****
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.