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- U.S Futures fall before the opening of the trade session
U.S Futures fall before the opening of the trade session
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Loading...U.S. stock index futures pointed to another session of gains on Monday, as a report out of China added to optimism over a trade deal and the country's central bank indicated willingness to step in to prop up a slowing economy.
Washington and Beijing had held "constructive" trade talks over the weekend, China's state media said, just days after White House economic adviser Larry Kudlow indicated that the world's top two economies were close to a deal.
Chipmakers that have a large exposure to China rose in premarket trading, with Nvidia Corp (NVDA.US), Micron Technology (MU.US) and Advanced Micro Devices Inc (AMD.US) up between 0.4% and 1%.
U.S.-listed Chinese stocks including Alibaba Group Holding Ltd (BABA.US) and Baidu Inc (BIDU.US) rose between 0.5% and 1%.
Dow e-minis were up 85 points, or 0.3%. S&P 500 e-minis were up 6 points, or 0.19% and Nasdaq 100 e-minis were up 22.25 points, or 0.27%.
Also on the radar are earnings from U.S. retailers such as Home Depot Inc (HD.US), Kohl's Corp (KSS.US) and Target Corp (TGT.US) following a stronger-than-expected corporate earnings season to-date that has aided the rally in stocks.
Shares of HP Inc (HPQ.US) fell 2.1% after the company rebuffed a $33.5 billion offer from Xerox Corp (XRX.US) and said it was open to exploring a bid for the latter.
Splunk Inc (SPLK.US) gained 3.4% after Morgan Stanley (MS.US) upgraded the data analytics software maker's stock to "overweight" from "equal-weight".
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