Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Bob Blahblah
Sep 30, 2019 8:55AM ET
more daily shill drivel
2
0
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🙌 It's Here: the Only Stock Screener You'll Ever Need Get Started
Stocks - U.S. Futures Rise After White House Downplays Chinese Listing Measures
Published Sep 30, 2019 06:42AM ET
Updated Sep 30, 2019 08:47AM ET
© Reuters.
Investing.com - U.S. futures jumped on Monday, as stocks were boosted by reports that the White House does not plan to block Chinese companies from listing shares on U.S. stock exchanges.
Treasury spokeswoman Monica Crowley told Bloomberg news on Saturday that “the administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time.”
Reports of the U.S. government keeping Chinese companies out of the American stock market caused the S&P 500 to close 0.5% lower on Friday. Other measures that are being considered include putting caps on the weighting of Chinese companies in stock indexes managed by American companies, and limiting U.S. pension funds' exposure to Chinese firms.
U.S.-China trade talks are set to resume on October 10 in Washington.
Nasdaq 100 futures gained 35 points or 0.5% by 6:41 AM ET (10:41 GMT), while Dow futures rose 65 points or 0.2% and S&P 500 futures were up 8 points or 0.3%.
Technology stocks that rely heavily on the Chinese market were higher in premarket trade, with Apple (NASDAQ:AAPL) up 0.9% and Advanced Micro Devices (NASDAQ:AMD) surging 1%.
Banking stocks lower, with Wells Fargo (NYSE:WFC) slipping 0.2% and US Bancorp (NYSE:USB) falling 1%.
On the data front, Chicago PMI figures come out at 8:45 AM ET and Dallas Fed manufacturing index data will be published at 9:30 AM ET.
In commodities, crude oil futures lost 1.1% to $55.31 a barrel. Gold futures were down 0.8% to $1,493.75 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.1% to 98.863.
Related Articles
Comments (4)
Holly Sorensen
Sep 30, 2019 7:58AM ET
first they up play it, then they down play it...this white house is the biggest group of manipulators I have ever witnessed. Its Deplorable and life will be so much better when they are gone.
26
8
Otb Investor
Sep 30, 2019 7:58AM ET
A house under construction looks worse before it looks better. More trading opportunities in volatile market. No fun if it goes straight up or down. Get used to it.
1
6
MAX KIMBEE
Sep 30, 2019 7:58AM ET
Many won’t be surprised if corruption is incovered that shows a pattern of shorting or going long prior to negative/positive tweets.
1
0
Jack Drummond
Sep 30, 2019 7:58AM ET
MAX KIMBEE There is no doubt in my mind that Trump is moving markets after he tips off his inside trader buddies. He gets some of it back through the Trump Org. I'm sure that he'll keep making most of his income his income by his decades-old serial money-laundering. That would be exposed by viewing his tax returns.
1
0
SB20
Sep 30, 2019 7:58AM ET
Otb Investor Amen!
0
0
colly khoza
Sep 30, 2019 7:19AM ET
its colly, I can help you with investments.
1
6
john hincapie
Sep 30, 2019 7:19AM ET
can you explain how? Thanks
0
1
SB20
Sep 30, 2019 7:19AM ET
john hincapie Buy low, sell high or sell high, buy low.
1
0
Chris Gatson
Sep 30, 2019 7:08AM ET
need help with investment
0
1
colly khoza
Sep 30, 2019 7:08AM ET
I can help
0
6
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
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.