Investing.com – US futures jumped on Monday, when stocks were boosted by reports that the White House is not planning to prevent Chinese companies from listing stocks on US exchanges.
Treasury spokesman Monica Crowley told Bloomberg News on Saturday that "the administration is considering not preventing Chinese companies from listing stocks on US stock exchanges at this time."
Reports from the US government that keep Chinese companies out of the US stock market led it down 0.5% on Friday. Other measures under consideration include emphasizing Chinese companies in stock indices managed by US companies, and limiting US pension fund exposure to Chinese firms.
U.S.-China acts to resume October 1
gained 35 points or 0.5% by 6:41 AM ET (10:41 GMT), while praising 65 points or 0.2% and the S&P 500 futures were up 8 points or 0.3%.
Technology stocks that rely heavily on the Chinese market were higher in premarket trading, with Apple (NASDAQ 🙂 up 0.9% and Advanced Micro Devices (NASDAQ 🙂 up 1%.
Bank stock lower, with Wells Fargo (NYSE 🙂 falling 0.2% and US Bancorp (NYSE 🙂 falling 1%.
On the data front, numbers come out at 8:45 pm ET and industry index data will be published at 9:30 pm ET.
In commodities, futures lost 1.1% to $ 55.31 per barrel. was down 0.8% to $ 1,493.75 per troy ounce, while it, which measures greenback against a basket of six major currencies, rose 0.1% to 98,863.
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