US futures point to higher open

U.S. stock index futures were slightly higher Friday morning as investors digest growth data out of China. ET, Dow futures rose 42 points, indicating a positive open of more than 31 points. Futures on the S&P and Nasdaq were also higher. U.S. stocks rose to fresh highs on Thursday amid stronger-than-expected results from Morgan Stanley. On Friday morning, new data out of China indicated that the economy grew at a pace of 6.1% in 2019, in line with expectations.


U.S. stock index futures were slightly higher Friday morning as investors digest growth data out of China.
ET, Dow futures rose 42 points, indicating a positive open of more than 31 points.
Futures on the S&P and Nasdaq were also higher.
U.S. stocks rose to fresh highs on Thursday amid stronger-than-expected results from Morgan Stanley.
On Friday morning, new data out of China indicated that the economy grew at a pace of 6.1% in 2019, in line with expectations.
US futures point to higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: silvia amaro
Keywords: news, cnbc, companies, set, points, futures, higher, data, morning, report, trillion, rose, open, stocks, point


US futures point to higher open

U.S. stock index futures were slightly higher Friday morning as investors digest growth data out of China.

At around 1:30 a.m. ET, Dow futures rose 42 points, indicating a positive open of more than 31 points. Futures on the S&P and Nasdaq were also higher.

U.S. stocks rose to fresh highs on Thursday amid stronger-than-expected results from Morgan Stanley. Meanwhile, on the tech front, Microsoft rose to record levels and Alphabet, the parent company of Google, reached a market cap of $1 trillion for the first time.

On Friday morning, new data out of China indicated that the economy grew at a pace of 6.1% in 2019, in line with expectations. Asian stocks jumped on the data release.

Investors will be monitoring new housing starts and building permits due in the U.S. at 8:30 a.m. Industrial production figures are set to be published at 9:15 a.m. ET and consumer sentiment as well as the latest JOLTS report are due at 10 a.m. ET.

On the corporate front, Schlumberger, Citizens Fincl. and Kansas City Southern are set to report before the bell.

IMF Managing Director Georgieva is due to speak at the Peterson Institute at 10 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: silvia amaro
Keywords: news, cnbc, companies, set, points, futures, higher, data, morning, report, trillion, rose, open, stocks, point


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US futures point to higher open after US-China trade deal

U.S. stock index futures were higher Thursday morning ahead of another batch of corporate earnings. ET, Dow futures rose 44 points, indicating a positive open of more than 173 points. U.S. equities gave up most of their gains Wednesday, after a much-anticipated ceremony at the White House where President Donald Trump and Chinese Vice Premier Liu He signed a “phase one” trade deal. As a result of the deal, U.S. exports to China should in theory rise to $263 billion in 2020 and $309 billion in 202


U.S. stock index futures were higher Thursday morning ahead of another batch of corporate earnings.
ET, Dow futures rose 44 points, indicating a positive open of more than 173 points.
U.S. equities gave up most of their gains Wednesday, after a much-anticipated ceremony at the White House where President Donald Trump and Chinese Vice Premier Liu He signed a “phase one” trade deal.
As a result of the deal, U.S. exports to China should in theory rise to $263 billion in 2020 and $309 billion in 202
US futures point to higher open after US-China trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: silvia amaro
Keywords: news, cnbc, companies, open, uschina, trade, points, exports, billion, corporate, higher, deal, house, futures, white, point


US futures point to higher open after US-China trade deal

U.S. stock index futures were higher Thursday morning ahead of another batch of corporate earnings.

At around 1:30 a.m. ET, Dow futures rose 44 points, indicating a positive open of more than 173 points. Futures on the S&P and Nasdaq were also higher.

U.S. equities gave up most of their gains Wednesday, after a much-anticipated ceremony at the White House where President Donald Trump and Chinese Vice Premier Liu He signed a “phase one” trade deal. Under the agreement, China is set to buy an additional $200 billion in U.S. goods over the next two years.

As a result of the deal, U.S. exports to China should in theory rise to $263 billion in 2020 and $309 billion in 2021, CNBC reported. Both figures would represent a record-breaking acceleration of U.S. exports to China.

Despite the signing, some analysts believe additional tariffs could still be imposed and that trade uncertainty could pop up somewhere else, including in Europe.

Meanwhile, the White House economic advisor Larry Kudlow said there would be further tax cuts later this year. The news could boost appetite for stocks.

Elsewhere, investors are also monitoring corporate earnings with Morgan Stanley, Bank of NY Mellon, Charles Schwab and CSX due to report Thursday.

The data calendar is quite crowded with jobless claims, retail sales, import prices and the Philadelphia Fed manufacturing numbers due at 8:30 a.m. ET. There will also be business inventories and National Association of Home Builders survey at 10 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: silvia amaro
Keywords: news, cnbc, companies, open, uschina, trade, points, exports, billion, corporate, higher, deal, house, futures, white, point


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Starbucks, home of the $4 latte, is moving into poor areas

In this Wednesday, Jan. 15, 2020, photo, Belith Ariza, a barista trainer at Starbucks, opens the doors to the community meeting space at a local Starbucks Community Store, in Phoenix. The effort will bring to 100 the number of “community stores” Starbucks has opened since it announced the program in 2015. The coffee shops are profitable, he said, and have the same menu as regular Starbucks stores. Brett Theodos, a senior fellow at the Urban Institute who studies economic development, said he has


In this Wednesday, Jan. 15, 2020, photo, Belith Ariza, a barista trainer at Starbucks, opens the doors to the community meeting space at a local Starbucks Community Store, in Phoenix.
The effort will bring to 100 the number of “community stores” Starbucks has opened since it announced the program in 2015.
The coffee shops are profitable, he said, and have the same menu as regular Starbucks stores.
Brett Theodos, a senior fellow at the Urban Institute who studies economic development, said he has
Starbucks, home of the $4 latte, is moving into poor areas Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, shops, opened, areas, moving, store, open, latte, poor, stores, community, local, coffee, company, starbucks


Starbucks, home of the $4 latte, is moving into poor areas

In this Wednesday, Jan. 15, 2020, photo, Belith Ariza, a barista trainer at Starbucks, opens the doors to the community meeting space at a local Starbucks Community Store, in Phoenix.

Starbucks has a point to prove: There’s more to the company than selling $4 lattes to rich people.

The Seattle-based coffee giant that has cultivated a reputation for being socially responsible said Thursday it is expanding its effort to put more coffee shops — and create more jobs — in poor neighborhoods.

Starbucks plans to open or remodel 85 stores by 2025 in rural and urban communities across the U.S. Each store will hire local staff, including construction crews and artists, and have community event spaces. The company will also work with local United Way chapters to develop programs at each shop, such as youth job training classes and mentoring.

The effort will bring to 100 the number of “community stores” Starbucks has opened since it announced the program in 2015.

“All of these programs are with the intent of being purposeful and profitable,” said John Kelly, Starbucks executive vice president of public affairs and social impact.

Starbucks opened its first community store in Ferguson, Missouri, in 2016, two years after the riots that broke out over the shooting of an unarmed black man by police. It has opened 13 other locations since then, including stores in Baltimore, Chicago, Dallas, New Orleans and Jonesboro, Georgia. Another one will open this spring in Prince George’s County, Maryland. Starbucks estimates the shops have created more than 300 jobs.

The project could help the company overcome lingering mistrust in some communities after the furor that erupted in 2018 when two black men waiting to meet someone in a Philadelphia Starbucks were arrested for not ordering anything. Starbucks mandated racial bias training at its 8,000 company-owned stores in response to that incident.

Kelly said the stores reflect Starbucks’ core belief in responsible capitalism. The coffee shops are profitable, he said, and have the same menu as regular Starbucks stores.

Prices vary, but not by much. A grande coconut milk latte in Ferguson costs $4.95, according to Starbucks’ app. Six miles away, a Starbucks in University City charges $5.25 for the same drink. In Jonesboro, a grande coffee is $2.25. It’s $2.45 at a Starbucks in downtown Atlanta.

“This is not charity. These are successful stores,” Kelly said, acknowledging neighbors’ skepticism. “We’re defying a lot of the stereotypes and we’re proud to do so.”

Brett Theodos, a senior fellow at the Urban Institute who studies economic development, said he has visited Starbucks’ community stores in Chicago and Baltimore. Both were in areas that wouldn’t typically attract a Starbucks, he said, and seemed to be providing a service — and, more important, jobs — that those neighborhoods wouldn’t otherwise have.

“I can’t think either of a retailer, especially one that has more of a discretionary, higher-end purchase, being willing to push into neighborhoods and markets that have less purchasing power,” Theodos said. “Starbucks usually appears when a neighborhood has the purchasing power to support it.”

He also applauded Starbucks’ plan to add community rooms in the stores, since low-income neighborhoods often don’t have many places to gather.

But he thinks the impact will be limited. One Starbucks store won’t cause a neighborhood to gentrify, he said.

The program is unusual for a big chain. Starbucks has one advantage: Unlike McDonald’s, which relies on franchisees, Starbucks owns its standalone U.S. stores and can open them wherever it wants to.

Panera Bread opened a few pay-what-you-can cafes starting in 2010, but all have closed. They weren’t profitable.

Starbucks said most of the 85 shops will be new, while some will be existing stores that have been remodeled. The company will consider various factors, including youth unemployment rates and low household income, in deciding where to build them. It will give priority to economically distressed areas.

Starbucks works with the community stores closely to help them succeed. One in Trenton, New Jersey, was struggling to stay open on weekends when there was less traffic from state government. The store manager decided to start an open mic night on Saturdays, which is still going strong 18 months later. The store also draws in customers with events like “Coffee With a Cop.”

Starbucks has also learned lessons from previous efforts. In 1998, the company worked with former basketball star Magic Johnson to open stores in urban neighborhoods, but some struggled and closed. Kelly said its new stores are more connected to their communities from the beginning, starting with the hiring local contractors to build them, and are drawing help from local groups like United Way.


Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, shops, opened, areas, moving, store, open, latte, poor, stores, community, local, coffee, company, starbucks


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US futures point to a lower open ahead of US-China deal signing

U.S. stock index futures were slightly lower Wednesday morning as investors await the signing of the U.S.-China “phase one” trade deal. ET, Dow futures fell 49 points, indicating a negative open of more than 14 points. Wednesday will mark a key day in U.S.-China trade relations. Both countries are set to sign a “phase one” trade deal in Washington, D.C. On the data calendar, the New York Empire State Fed survey will be released at 8:30 a.m.


U.S. stock index futures were slightly lower Wednesday morning as investors await the signing of the U.S.-China “phase one” trade deal.
ET, Dow futures fell 49 points, indicating a negative open of more than 14 points.
Wednesday will mark a key day in U.S.-China trade relations.
Both countries are set to sign a “phase one” trade deal in Washington, D.C.
On the data calendar, the New York Empire State Fed survey will be released at 8:30 a.m.
US futures point to a lower open ahead of US-China deal signing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: silvia amaro
Keywords: news, cnbc, companies, investors, york, signing, countries, trade, open, lower, points, futures, ahead, deal, uschina, point, phase


US futures point to a lower open ahead of US-China deal signing

U.S. stock index futures were slightly lower Wednesday morning as investors await the signing of the U.S.-China “phase one” trade deal.

At around 1:30 a.m. ET, Dow futures fell 49 points, indicating a negative open of more than 14 points. Futures on the S&P and Nasdaq were also marginally lower.

Wednesday will mark a key day in U.S.-China trade relations. Both countries are set to sign a “phase one” trade deal in Washington, D.C. Speaking on Tuesday, Treasury secretary Steven Mnuchin said that tariffs on Chinese goods would remain in place until both countries reach an enforceable “phase two” agreement, according to Reuters. Details of the first deal are yet to be disclosed.

Furthermore, investors are monitoring corporate earnings with Bank of America, BlackRock and Goldman Sachs due to report. On Tuesday, J.P. Morgan Chase shares jumped on the back of strong quarterly results.

On the data calendar, the New York Empire State Fed survey will be released at 8:30 a.m. ET, along with PPI figures.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: silvia amaro
Keywords: news, cnbc, companies, investors, york, signing, countries, trade, open, lower, points, futures, ahead, deal, uschina, point, phase


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North Korea remains open to dialogue with the US, South Korea’s Moon says

President Donald Trump and North Korea’s leader Kim Jong-un stand on North Korean soil while walking to South Korea in the Demilitarized Zone (DMZ) on June 30, 2019, in Panmunjom, Korea. South Korean President Moon Jae-in said on Tuesday it was too early to be pessimistic about stalled denuclearisation dialogue between the United States and North Korea, adding that Pyongyang has not yet shut the door to more talks. “Some were concerned about a new round of provocations just in time for Chairman


President Donald Trump and North Korea’s leader Kim Jong-un stand on North Korean soil while walking to South Korea in the Demilitarized Zone (DMZ) on June 30, 2019, in Panmunjom, Korea.
South Korean President Moon Jae-in said on Tuesday it was too early to be pessimistic about stalled denuclearisation dialogue between the United States and North Korea, adding that Pyongyang has not yet shut the door to more talks.
“Some were concerned about a new round of provocations just in time for Chairman
North Korea remains open to dialogue with the US, South Korea’s Moon says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14
Keywords: news, cnbc, companies, remains, president, korea, koreas, letter, dialogue, leader, korean, north, south, birthday, moon, trump, open


North Korea remains open to dialogue with the US, South Korea's Moon says

President Donald Trump and North Korea’s leader Kim Jong-un stand on North Korean soil while walking to South Korea in the Demilitarized Zone (DMZ) on June 30, 2019, in Panmunjom, Korea.

South Korean President Moon Jae-in said on Tuesday it was too early to be pessimistic about stalled denuclearisation dialogue between the United States and North Korea, adding that Pyongyang has not yet shut the door to more talks.

Moon said U.S. President Donald Trump’s recent letter to North Korean leader Kim Jong Un was a good sign that underscores his commitment to negotiations. Moon was speaking at a news conference at the presidential Blue House.

“Some were concerned about a new round of provocations just in time for Chairman Kim’s birthday,” Moon said. “Instead, President Trump sent him birthday wishes to stress his willingness to talk. It was a great idea.”

On Friday, a South Korean official said Trump had asked the South Koreans to pass on birthday greetings to North Korea.

Over the weekend, however, North Korea released a statement saying it had already directly received a letter from Trump and ridiculed South Korea for trying to “meddle” in U.S.-North Korea relations.


Company: cnbc, Activity: cnbc, Date: 2020-01-14
Keywords: news, cnbc, companies, remains, president, korea, koreas, letter, dialogue, leader, korean, north, south, birthday, moon, trump, open


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US futures point to slightly lower open ahead of bank earnings

U.S. stock index futures edged lower Tuesday morning ahead of the kickoff of earnings season. ET, Dow futures indicated a negative open of about 45 points. Futures on the S&P and Nasdaq were also slightly lower. Investors will be keeping an eye on earnings with some of the biggest lenders officially opening the latest round of corporate releases. On the data calendar, the National Federation of Independent Business will release its latest small business survey at 6 a.m.


U.S. stock index futures edged lower Tuesday morning ahead of the kickoff of earnings season.
ET, Dow futures indicated a negative open of about 45 points.
Futures on the S&P and Nasdaq were also slightly lower.
Investors will be keeping an eye on earnings with some of the biggest lenders officially opening the latest round of corporate releases.
On the data calendar, the National Federation of Independent Business will release its latest small business survey at 6 a.m.
US futures point to slightly lower open ahead of bank earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: silvia amaro
Keywords: news, cnbc, companies, point, ahead, trade, china, slightly, world, morning, open, latest, bank, earnings, business, lower, round, futures


US futures point to slightly lower open ahead of bank earnings

U.S. stock index futures edged lower Tuesday morning ahead of the kickoff of earnings season.

Around 6:35 a.m. ET, Dow futures indicated a negative open of about 45 points. Futures on the S&P and Nasdaq were also slightly lower.

Investors will be keeping an eye on earnings with some of the biggest lenders officially opening the latest round of corporate releases. Citigroup, J.P. Morgan Chase, and Wells Fargo are due to report before the bell. Delta airlines is also set to update investors Tuesday.

On Monday, U.S. equities resumed the rally seen since last week after the United States removed China from a list of currency manipulating countries. The announcement came just a few days before the two largest world economies are due to sign a “phase one” trade deal in Washington, D.C.

Ahead of the signing, the South China Morning Post reported that the trade war is “not over yet” and that Wednesday’s ceremony will be more like the “first round of a game.”

On the data calendar, the National Federation of Independent Business will release its latest small business survey at 6 a.m. ET, followed by new U.S. inflation figures at 8:30 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: silvia amaro
Keywords: news, cnbc, companies, point, ahead, trade, china, slightly, world, morning, open, latest, bank, earnings, business, lower, round, futures


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US futures point to higher open

U.S. stock index futures were higher Monday morning as investors focus on China-U.S. trade developments. ET, Dow futures rose 94 points, indicating a positive open of more than 84 points. Futures on the S&P and Nasdaq were also higher. Investors are monitoring U.S.-China trade as a Chinese delegation is due to travel to Washington, D.C., Monday for the signing of the phase one trade deal on Wednesday. The deal is expected to lower some of the tariffs, as well as increasing Chinese purchases of U


U.S. stock index futures were higher Monday morning as investors focus on China-U.S. trade developments.
ET, Dow futures rose 94 points, indicating a positive open of more than 84 points.
Futures on the S&P and Nasdaq were also higher.
Investors are monitoring U.S.-China trade as a Chinese delegation is due to travel to Washington, D.C., Monday for the signing of the phase one trade deal on Wednesday.
The deal is expected to lower some of the tariffs, as well as increasing Chinese purchases of U
US futures point to higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: silvia amaro
Keywords: news, cnbc, companies, trade, deal, higher, report, points, dow, futures, wall, lower, washington, point, open, chinese


US futures point to higher open

U.S. stock index futures were higher Monday morning as investors focus on China-U.S. trade developments.

At around 3.20 a.m. ET, Dow futures rose 94 points, indicating a positive open of more than 84 points. Futures on the S&P and Nasdaq were also higher.

On Friday, U.S. equities reversed from all-time highs on the back of disappointing employment data. The U.S. economy added 145,000 jobs in December, lower than what economists polled by Dow Jones had estimated at 160,000 jobs.

Investors are monitoring U.S.-China trade as a Chinese delegation is due to travel to Washington, D.C., Monday for the signing of the phase one trade deal on Wednesday. The deal is expected to lower some of the tariffs, as well as increasing Chinese purchases of U.S. agricultural products.

According to a Wall Street Journal report, the U.S. and China have agreed to hold semiannual talks to resolve disputes and push for reforms.

Meanwhile, there will be new federal budget figures released at 2 p.m. ET.

In terms of earnings, Shaw Comm is due to report before the bell.


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: silvia amaro
Keywords: news, cnbc, companies, trade, deal, higher, report, points, dow, futures, wall, lower, washington, point, open, chinese


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European stocks open flat as investors await trade and geopolitical developments

European stocks opened mixed on Monday as the U.S. and China prepare to sign a so-called “phase one” trade deal on Wednesday, while protests continue in Iran over the downing of a Ukrainian commercial airliner. The pan-European Stoxx 600 hovered around the flatline in early deals, with tech stocks adding 0.3% while basic resources fell by 0.4%. Mnuchin also confirmed that the details will be published this week. Asian stocks mostly advanced on Monday as investors look ahead to the inking of the


European stocks opened mixed on Monday as the U.S. and China prepare to sign a so-called “phase one” trade deal on Wednesday, while protests continue in Iran over the downing of a Ukrainian commercial airliner.
The pan-European Stoxx 600 hovered around the flatline in early deals, with tech stocks adding 0.3% while basic resources fell by 0.4%.
Mnuchin also confirmed that the details will be published this week.
Asian stocks mostly advanced on Monday as investors look ahead to the inking of the
European stocks open flat as investors await trade and geopolitical developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: elliot smith
Keywords: news, cnbc, companies, trade, stocks, deal, ukrainian, mnuchin, developments, investors, protests, iran, phase, european, geopolitical, flat, sign, open, await


European stocks open flat as investors await trade and geopolitical developments

European stocks opened mixed on Monday as the U.S. and China prepare to sign a so-called “phase one” trade deal on Wednesday, while protests continue in Iran over the downing of a Ukrainian commercial airliner.

The pan-European Stoxx 600 hovered around the flatline in early deals, with tech stocks adding 0.3% while basic resources fell by 0.4%.

Representatives from Washington and Beijing are expected to sign the first phase of a long-awaited trade accord on Wednesday, and U.S. Treasury Secretary Steven Mnuchin insisted on Sunday that China’s commitments had not changed during a lengthy translation process. Mnuchin also confirmed that the details will be published this week.

Asian stocks mostly advanced on Monday as investors look ahead to the inking of the deal, with MSCI’s broadest Asia-Pacific index excluding Japan gaining 0.49%.

Tensions in the Middle East have continued as anti-government protests spread across Iran, after the Iranian regime admitted that its armed forces unintentionally shot down a Ukrainian passenger plane in Tehran, killing 176 people. U.S. President Donald Trump tweeted his support for the protesters on Sunday.

Back in Europe, U.K. Prime Minister Boris Johnson will travel to Northern Ireland on Monday to meet with leaders of the country’s newly-formed executive and his Irish counterpart, Leo Varadkar.

A raft of U.K. economic data is due at 9:30 a.m. London time, including manufacturing and construction figures, trade balances and GDP readings for November.


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: elliot smith
Keywords: news, cnbc, companies, trade, stocks, deal, ukrainian, mnuchin, developments, investors, protests, iran, phase, european, geopolitical, flat, sign, open, await


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Wall Street points toward higher open

Wall Street points toward higher open1 Hour AgoU.S. stock index futures were higher Monday morning as investors focus on China-U.S. trade developments. CNBC’s Rahel Solomon reports.


Wall Street points toward higher open1 Hour AgoU.S. stock index futures were higher Monday morning as investors focus on China-U.S. trade developments.
CNBC’s Rahel Solomon reports.
Wall Street points toward higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13
Keywords: news, cnbc, companies, solomon, rahel, points, reports, stock, trade, open1, street, open, higher, wall


Wall Street points toward higher open

Wall Street points toward higher open

1 Hour Ago

U.S. stock index futures were higher Monday morning as investors focus on China-U.S. trade developments. CNBC’s Rahel Solomon reports.


Company: cnbc, Activity: cnbc, Date: 2020-01-13
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US futures point to higher open as investors await key jobs data

U.S. stock index futures were higher Friday morning as world markets rally on the back of easing tensions in the Middle East. ET, Dow futures rose 41 points, indicating a positive open of more than 49 points. Futures on the S&P and Nasdaq were also higher. Both economic powers are set to meet next week at the White House to sign the first phase of the agreement. That would be a slowdown from November, when the economy added 266,000 jobs with an unemployment rate of 3.5%.


U.S. stock index futures were higher Friday morning as world markets rally on the back of easing tensions in the Middle East.
ET, Dow futures rose 41 points, indicating a positive open of more than 49 points.
Futures on the S&P and Nasdaq were also higher.
Both economic powers are set to meet next week at the White House to sign the first phase of the agreement.
That would be a slowdown from November, when the economy added 266,000 jobs with an unemployment rate of 3.5%.
US futures point to higher open as investors await key jobs data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: silvia amaro
Keywords: news, cnbc, companies, rose, data, president, higher, open, await, week, unemployment, trump, point, investors, futures, tensions, jobs, points, key, powers, payrolls


US futures point to higher open as investors await key jobs data

U.S. stock index futures were higher Friday morning as world markets rally on the back of easing tensions in the Middle East.

At around 3:45 a.m. ET, Dow futures rose 41 points, indicating a positive open of more than 49 points. Futures on the S&P and Nasdaq were also higher.

U.S. equities hit record highs on Thursday on the back of the easing tensions. Tech shares outperformed with Apple jumping more than 2%. Chinese data showed Thursday that iPhone sales rose 18% in December in the country.

The House passed a resolution to limit President Donald Trump’s war powers against Tehran on Thursday, with many lawmakers concerned about the prospect of another escalation following the U.S. killing of Iran’s top general Qasem Soleimani last week.

Canadian Prime Minister Justin Trudeau said Thursday that the plane that crashed in Iran earlier this week, killing 176 people, was likely brought down by an Iranian missile.

Meanwhile, President Donald Trump said that he could maybe wait until after the 2020 presidential election to reach the second part of a trade deal with China. Both economic powers are set to meet next week at the White House to sign the first phase of the agreement. The two countries have been at odds over commerce for about two years, when Trump first applied tariffs on Chinese solar panels and washing machines.

Investors will also be busy Friday with different sets of data releases. There will be nonfarm payrolls and unemployment figures due at 8:30 a.m. ET and wholesale inventories are scheduled for 10 a.m. ET.

Economists polled by Dow Jones expect U.S. nonfarm payrolls to grow by 160,000. That would be a slowdown from November, when the economy added 266,000 jobs with an unemployment rate of 3.5%.

There are no corporate earnings to note.

—CNBC’s Sam Meredith and Jesse Pound contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: silvia amaro
Keywords: news, cnbc, companies, rose, data, president, higher, open, await, week, unemployment, trump, point, investors, futures, tensions, jobs, points, key, powers, payrolls


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