U.S. stock futures are lower after major stock indexes eked out a gain on the first trading day of the month, amid rising trade tensions between the U.S. and China. “It appears the market took solace in the White House signaling that President Donald Trump and Xi Jinping would talk this week,” said Mike O’Rourke, chief market strategist at JonesTrading. As of 6:20 A.M. ET, futures linked to the blue-chip Dow fell 0.40%, while broad S&P 500 index futures dropped 0.45% and tech-heavy Nasdaq futures slipped 0.44%.
Trade tensions impact U.S. futures
Before the bell, Dollar General, Signet Jewelers, and Nio are set to report earnings. EchoStar announced it would not make about $183 million in cash interest payments on a series of Dish’s notes, citing recent uncertainty raised by the Federal Communications Commission.
Pegasystem raised its full-year outlook above analysts’ forecasts, while Credo Technology’s results for the last three months of its fiscal year exceeded analysts’ expectations. For more updates on the markets and business news, stay tuned.
