U.S. futures were flat on Tuesday after reports that the U.S. and China made progress towards their “phase one” trade deal, in a shortened holiday week.
The Chinese Ministry of Commerce said in a statement that the two had “reached consensus on properly resolving relevant issues” during a phone call Tuesday morning Beijing time, but did not provide any further details.
Trading is expected to be thin this week due to the Thanksgiving holiday on Thursday.
The Nasdaq 100 inched up 4 points or 0.1%, Dow futures was flat at 28,051.50 points and S&P 500 futures were at 3,133.38 points.
Shares of Best Buy Co Inc (BBY.US) jumped 5.3% after the consumer electronics retailer beat expectations for quarterly same-store sales and forecast strong holiday quarter earnings.
Hewlett Packard Enterprise Co (HPE.US) fell 4.6% as the enterprise software maker missed fourth-quarter revenue estimates, hit by lower demand for its servers and storage products.
Cyber security firm Palo Alto Networks Inc (PANW.US) tumbled 8.7% after forecasting second-quarter profit well below expectations, as it grapples with higher costs and rising competition.
Shares of Global Blood Therapeutics Inc (GBT.US) rose 6.8% as the U.S. Food and Drug Administration approved its drug to treat sickle cell disease in adults and children 12 years or older
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