US futures point to higher open on Wall Street - CNBC

U.S. stock index futures were higher Tuesday morning.

Around 6:50 a.m. ET, Dow futures indicated a positive open of more than 100 points. Futures on the S&P and Nasdaq were both marginally higher.

The moves in pre-market trade come after U.S. Treasury Secretary Steven Mnuchin confirmed trade talks between the world's two largest economies would resume next month.

In an interview with Fox Business Network, Mnuchin said negotiators from the U.S. and China had made some progress in last week's deputy-level meetings.

The dispute between Washington and Beijing has dragged on for well over a year, battering financial markets and souring business and consumer sentiment.

The upcoming trade talks provided a boost to market sentiment, but lingering concerns about slowing global growth remained front and center for financial markets.

On the data front, Philadelphia Fed nonmanufacturing figures for September will be released at around 8:30 a.m. ET. The S&P/Case-Shiller's home price index for July, consumer confidence data for September and Richmond Fed surveys will all follow slightly later in the session.

In corporate news, Autozone, Carmax, and BlackBerry are among some of the companies set to publish their latest earnings before the opening bell.

Nike, Cintas, and Synnex are set to release their latest quarterly results after market close.

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https://www.cnbc.com/2019/09/24/stock-market-us-china-trade-talks-in-focus-on-wall-street.html

2019-09-24 06:49:01Z
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