Investing.com - U.S. futures pointed to a slightly lower open on Monday, as investors continued to monitor developments on trade, after President Donald Trump said he may not impose more tariffs on China.
The S&P 500 futures fell 7 points or 0.27% to 2,735.5 as of 6:37 AM ET (11:37 GMT) while Dow futures were down 62 points, or 0.24%, to 25,389.0. Meanwhile tech heavy Nasdaq 100 futures decreased 19 points, or 0.28%, to 6,875.75.
On Friday Trump told reporters that his administration may not impose tariffs on more Chinese goods after China sent a list of measures that it would be prepared to take in order to help resolve a trade dispute between the two nations.
“They sent a list of things that they’re willing to do, which is a large list, and it’s just not acceptable to me yet,” Trump said.
Tariffs on $200 billion worth of Chinese goods are set to increase to 25% from 10% on Jan. 1. Trade tensions have taken center stage as the two countries prepare for a meeting between Trump and Chinese President Xi Jinping at the G20 meeting later this month.
Chesapeake Energy Corp (NYSE:CHK) was among the top gainers in premarket trading, rising 4.75%, while Twilio Inc (NYSE:TWLO) gained 3.81% and Adobe (NASDAQ:ADBE) increased 0.67%. Tesla (NASDAQ:TSLA) inched up 0.15% while Shire PLC ADR (NASDAQ:SHPG) was up 1.13%.
Apple (NASDAQ:AAPL) fell 1.82% after it cut production orders for all three of its latest iPhone models, the Wall Street Journal reported. Semiconductor Micron (NASDAQ:MU) slipped 2.26% while Western Digital (NASDAQ:WDC) decreased 4.38%.
In commodities, gold futures rose 0.16% to $1,222.70 a troy ounce while crude oil futures increased 0.67% to $56.84 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.11% to 96.23.