US futures point to a higher open as trade war fears subside
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U.S. stock index futures were higher on Wednesday morning, as market participants focused on economic data and new corporate earnings.
At around 01:30 a.m. ET, Dow futures rose 47 points, indicating a higher open of more than 96 points. Futures on the S&P and Nasdaq were also higher.
The Dow saw its best trading day in a month on Tuesday, as investors put aside concerns over the ongoing trade war between the U.S. and China. President Donald Trump softened his tone on the trade war Tuesday, referring to it as a “little squabble” and insisting talks had not collapsed.
Nonetheless, trade will remain a key focus for market participants. The U.S. president has until midnight Friday to decide whether to impose car tariffs on Europe.
On the data front, there will be retail sales, manufacturing numbers, industrial production and business inventories published throughout the morning.
In terms of earnings, Macy’s, Cisco Systems and ZTO Express will report their latest results.
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