Investing.com – U.S. futures were mostly flat on Wednesday, as Canada began negotiations to join the U.S. and Mexico’s new trade deal.
The S&P 500 futures was flat at 2,899.25 as of 6:50 AM ET (10:50 GMT) while Dow futures was down 12 points, or 0.05%, to 26,073.0. Meanwhile tech heavy Nasdaq 100 futures increased 11 points, or 0.15%,to 7,589.0.
Trade is expected to be thin this week ahead of the Labor Day weekend.
Investors remained cautious ahead of a upcoming deadline in Sino-U.S. trade disputes as a trade deal between the U.S. and Mexico was underway.
Canada's Foreign Minister Chrystia Freeland is in Washington to negotiate the country’s spot in the North American Free Trade Agreement (NAFTA) following Monday's deal between the United States and Mexico. U.S. President Donald Trump has said he will levy tariffs on Canada if they do not agree with the new trade deal.
Amazon.com (NASDAQ:AMZN) was among the top gainers in pre-market trading, surging 1.30% amid news that it is launching an advertising-supported video service Fire TV streaming service. Meanwhile semiconductor Micron rose 0.31% while Netflix (NASDAQ:NFLX) inched up 0.27%.
Elsewhere British American Tobacco (NYSE:BTI) fell 0.96% while Cisco (NASDAQ:CSCO) fell 0.28%.
In economic news, the second estimate of second quarter gross domestic product comes out at 8:30 AM ET (12:30 GMT) while pending home sales comes out at 10:00 AM ET (14:00 GMT).
In Europe stocks were mostly down. Germany’s DAX fell 7 points or 0.06% while in France the CAC 40 was flat and in London the FTSE 100 was down 50 points or 0.67%. Meanwhile the pan-European Euro Stoxx 50 decreased 12 points or 0.35% while Spain’s IBEX 35 slumped 73 points or 0.77%.
In commodities, gold futures fell 0.40% to $1,209.50 a troy ounce while crude oil futures increased 0.36% to $68.78 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, rose 0.13% to 94.75.