US futures point to mixed open

US futures point to mixed open

© Photo by Spencer Platt/Getty Images NEW YORK, NEW YORK – NOVEMBER 15: Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2019 in New York City. As trade talks with China show some progress, the Dow Jones Industrial Average rose 222 points to close above 28, 000 for a new record. (Photo by Spencer Platt/Getty Images)

U.S. stock index futures were mixed Monday morning.

APPLE INC.

265.76

+3.12

+1.19%

CONSTELLATION BRANDS, INC.

179.65

-3.21

-1.76%

TESLA, INC.

352.17

+2.82

+0.81%

AMAZON.COM, INC.

1,739.49

-15.11

-0.86%

At around 01:20 a.m. ET, Dow futures rose 9 points, indicating a negative open of more than 13 points. Futures on the S&P and Nasdaq were also pointing to a slightly lower open.

Market players remain focused on U.S.-China trade talks. Chinese Vice Premier Liu He spoke with the U.S. Treasury Secretary and Trade Representative over the phone on Saturday. According to the Chinese Ministry of Commerce, both sides had “constructive” talks regarding each other’s trade concerns.

Furthermore, investors are also monitoring developments in Hong Kong as civil unrest continues.

Meanwhile, Chinese officials have surprised markets with the announcement of a cut to its key interest rates for the first time since 2015. The move has sparked speculation of further stimulus measures in China.

On the data front, there will be business leaders survey figures out at 08:30 a.m. ET, the NAHB survey is due at 10:00 a.m. and TIC data is set to be released at 04:00 p.m. ET.

There are no major earnings to note.


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