Oct 28, 2019

US Market | Futures Indicator: US futures point to slightly higher open


Sam Meredith

U.S. stock index futures were slightly higher Monday morning, as investors prepared for the busiest week of earnings season.
Around 5:20 a.m. ET, Dow futures indicated a positive open of nearly 50 points. Futures on the S&P and Nasdaq were both slightly higher.
Market focus is largely attuned to global trade developments after U.S. and Chinese officials said they were “close to finalizing” some parts of a trade agreement. The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
President Donald Trump has said he hopes to resolve the protracted dispute with China’s President Xi Jinping next month a summit in Chile.
On the data front, advanced economic indicators for September and Dallas Fed manufacturing figures for October will be released prior to the market open.
In corporate news, AT&T, Walgreens Boots Alliance, and Spotify will be among some of the major companies set to report earnings before the opening bell. Alphabet, T-Mobile, and Beyond Meat are scheduled to report their latest quarterly figures after the market close.

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