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Feb 12, 2019

US Future Market Indications: Dow futures surge 200 points after tentative deal to avoid government shutdown

Fred Imbert, Sam Meredith




U.S. stock index futures rose Tuesday amid news that U.S. lawmakers had secured a tentative deal on border security funding on Monday.
At around 7 a.m. ET, Dow Jones Industrial Average futures rose 210 points, indicating a gain of more than 190 points. Futures on the S&P 500 and Nasdaq 100 were also higher.
The drafted agreement — which congressional aides said did not contain funds for President Donald Trump's border wall — could help to prevent another partial government shutdown due to begin from Saturday. The government was shut down for 35 days until Jan. 25, the longest one in history.
Market focus is also largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline.
Both sides expressed hopes the new round of negotiations, which began in Beijing on Monday, would bring them closer to a comprehensive trade agreement.
The trade dispute has already started to impact global growth, with investors worried a protracted dispute could soon severely hurt corporate earnings.
On the data front, Job Openings and Labor Turnover Survey (JOLTS) figures for December will be published later in the session.

Source: CNBC



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