Please try another search
© Reuters.
Investing.com - U.S. futures pointed to a lower open on Tuesday as optimism over a trade truce between the U.S. and China was replaced by doubts over whether the two countries would be able to resolve their trade dispute in the long run.
The S&P 500 futures fell 9 points or 0.33% to 2,781.50 as of 6:40 AM ET (11:40 GMT) while Dow futures lost 116 points, or 0.45%, to 25,731. Meanwhile tech heavy Nasdaq 100 futures decreased 38 points, or 0.55%, to 7,019.25.
Financial markets rallied on Monday after U.S. President Donald Trump and Chinese President Xi Jinping declared a 90-day ceasefire on trade tariffs as the two countries resumed talks.
But hopes for the tentative ceasefire between Beijing and Washington dimmed after statements on Monday by various Trump administration officials shed little light on the specifics of any trade agreement.
In other trade news, top executives from German automakers Volkswagen (DE:VOWG_p), Daimler and BMW were expected to meet with Trump’s economic adviser Larry Kudlow in Washington later in the day. Trump has previously criticized the companies and threatened to increase tariffs on autos made in the European Union.
Waste Management (NYSE:WM) was among the top gainers in premarket trading, rising 1.49% after an upgrade from Goldman Sachs, according to StreetInsider.com. Perrigo Co (NYSE:PRGO) increased 1.25% and Harmony Gold Mining Company Limited (NYSE:HMY) was up 2.65%.
Carnival (NYSE:CCL) was down 2% after news that it hiked passenger tips for drinks by 3%, while semiconductor Micron (NASDAQ:MU) dipped 1% and Tesla (NASDAQ:TSLA) fell 0.88%.
Technology stocks were also hit, with Netflix (NASDAQ:NFLX) falling 1.48% and Facebook (NASDAQ:FB) inching down 0.47% and Apple (NASDAQ:AAPL) decreasing 1.45%.
In commodities, gold futures rose 0.43% to $1,244.90 a troy ounce while crude oil futures increased 2.23% to $5413 a barrel.
The U.S. dollar index which measures the greenback against a basket of six major currencies, declined 0.55% to 96.43.
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.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other 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, don’t trash it.
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. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.