U.S. stock futures edged lower early Tuesday as investors waited for more updates on trade talks between the U.S. and China. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.13%, 0.18%, and 0.11%, respectively, at 4:38 a.m. EST, June 10.
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Those moves follow a quiet session on Wall Street, with investors keeping an eye on U.S.-China trade talks. Last month, both countries agreed to temporarily cut duties, a move seen as a major step forward after President Trump proposed sweeping import levies.
During Monday’s regular trading session, the S&P 500 rose nearly 0.1%, marking its second straight day of gains. The Dow closed just below the flatline, while the Nasdaq Composite (NDAQ) inched up by about 0.3%.
Investors will look out for small business data set to arrive Tuesday morning, ahead of key inflation reports later in the week. The Consumer Price Index (CPI) for May is due Wednesday, followed by the Producer Price Index (PPI) on June 12.
On the corporate earnings front, GameStop (GME), GitLab (GTLB), and Stitch Fix (SFIX) will release their results today.
Meanwhile, the U.S. 10-year treasury yield was down, floating near 4.45%. Simultaneously, WTI crude oil futures are trending lower, hovering near $65.28 per barrel as of the last check. At the same time, the Gold Spot U.S. Dollar Price rose to nearly $3,330 per ounce on Tuesday.
Elsewhere, European markets opened flat on Tuesday as investors waited for more updates from the ongoing U.S.-China trade talks.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific indices were mixed today, as investors looked for more clarity on the U.S.-China trade talks, now set to enter their second day.
Hong Kong’s Hang Seng Index was down 0.08%. However, Japan’s Nikkei and Topix indices gained 0.32% and 0.03%, respectively. At the same time, China’s Shanghai Composite and Shenzhen Component indices closed lower by 0.44% and 0.79%, respectively.
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