US Futures Drift Below Lull In Trade Talks By Investing.com
© Reuters. Investing.com – US stock futures pointed to a slightly lower opening on Tuesday, as traders are waiting for new developments from the last round of US-China trade talks due to resuming later in the day.
They were down to nine points at 6:55 ET (11:45 GMT), while at 91 points and tech-heavy pointed to a drop of 20 points.
Markets are set to reopen Tuesday after Monday's holiday. [19659004] A new session is getting underway in Washington on Tuesday, with higher-level follow-up sessions due to take place later this week, the White House said Monday.
The talks follow a round of negotiations that ended in Beijing last week without an agreement, but officials said had resulted in progress.
US tariffs of $ 200 billion in imports from China are set to rise to 25% from 1[ads1]0% if no agreement has been reached by 1 March.
Walmart (NYSE 🙂 is one of the last notable names that are slated to report quarterly results, as the fourth quarter earnings season goes down.
The retail giant is earning an income of $ 1.33 per share on revenues of $ 138.81 billion over the three months to January 31, according to analysts asked by Investing.com when reporting before the opening call.
US Same store sales are expected to increase by 3.0% from the previous year
Other notable companies reporting the results include Advance Auto Parts, Medtronic (NYSE 🙂 and Herbalife (NYSE 🙂
In financial news, investors will look to the National Association of Home Builders at 10:00 ET (15:00 GMT).
In goods, 0.72% advanced to $ 1,331.6 a troy ounce, while trading was close to three months highs of $ 56.45 per barrel. The one who measures the greenback against a basket of six major currencies was up 0.18% to 96.91.
– Reuters contributed to this report
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