Stock futures are pointing to a higher open, buoyed by optimism over potential U.S.-China trade negotiations and anticipation of the Federal Reserve’s interest rate decision.
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Investor sentiment has improved following reports that China is evaluating U.S. proposals for trade discussions, signaling a possible thaw in trade tensions that have weighed on markets in recent weeks.
Bitcoin has climbed 2%, nearing $97,000, while oil prices have gained and gold prices have slipped.
Investors are closely watching the Federal Reserve’s interest rate announcement later today, with expectations that the Fed will maintain rates between 4.25% and 4.5%. Market participants will be analyzing the Fed’s commentary for hints on future rate cuts.
In pre-market trading, S&P 500 futures rose 0.40%, Nasdaq futures rose 0.32% and Dow futures rose 0.48%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
UP AFTER EARNINGS –
- Rockwell Automation (ROK) up 12%
- Disney (DIS) up 8%
- Emerson (EMR) up 5%
- Novo Nordisk (NVO) up 5%
- Unity (U) up 1%
- Lumentum (LITE) up 6%
- AMD (AMD) up 1%
DOWN AFTER EARNINGS –
- Edgewell Personal Care (EPC) down 10%
- CPI Card Group (PMTS) down 4%
- Uber (UBER) down 3%
- Johnson Controls (JCI) down 2%
- Sarepta (SRPT) down 17%
- Arista Networks (ANET) down 6%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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