Futures point to a slight increase, as they were in a negative territory earlier in the day. Dow will open with 0.07% increase, S & P 500 with 0.05% and NASDAQ with 0.22% . Fears about the US-China deal are again under pressure after the US government's open-air accusations of espionage against technology giant Huawei and Meng Wanzhou.
From today's reports, we have the "better-than-expected" Xerox (XRX.US) and a 5.8% increase. On the other side of the coin are Pfizre (PFE.US) with a decline of 1.7% and Harley-Davidson (HOG.US) with a loss of 8% due to weak reports.
Yesterday's sell-off added to the Caterpillar (CAT.US) and Nvidia (NVD.US) sheets to the US-China customs dispute companies. After closing, Whirlpool (WHR.US) joined the injured party, down by 5.6% and weak forecasts for 2019 due to the risk of tariffs.
Reports this week by high-ranking companies, including Apple Inc (NASDAQ: AAPL), which has already begun a sales signal due to weak demand from China and Boeing (NYSE: BA), may worsen fears.
Although earnings have largely exceeded Wall Street expectations, helping the S & P 500 to rise by about 12 percent in December, worries about global growth slowdown remain.
As the reporting season began two weeks ago, fourth quarter earnings analysts' forecasts remained stable at around 14%, but revenue growth expectations for 2019 declined from 6.3% to 5.6%, according to IBES data.
PG & E Corp plunged 6.2% after the power provider filed for bankruptcy, succumbing to forest fire bursts in northern California in 2017 and 2018.
The Federal Reserve will begin its two-day meeting on its monetary policy. After the gradual rise in interest rates last year, the central bank is in wait-and-see mode as it sees the worries of a slowdown in global economic growth.
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