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03-05-2019, 04:08 PM
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Stock-index futures edge higher as investors keep focus on China
U.S. Stock-index futures held on to small gains Tuesday as investors continue to keep an eye on developments surrounding U.S.-China trade talks and Chinaâ??s domestic economy.
What are indexes doing? futures on the Dow Jones Industrial Average YMH9, +0.15% آ*rose 35 points, or 0.1%, to 25,849, while S&P 500 futures ESH9, +0.13% آ*were up 3.4 points, or 0.1%, at 2,795. Nasdaq-100 NQH9, +0.12% آ*rose 9.25 points, or 0.1%, to 7,155. On Monday, the Dow DJIA, -0.79% آ*ended at a 2-week low, falling 206.67 points, or 0.8%, to 25,819.65. The S&P 500 SPX, -0.39% آ*fell 11.07 points, or 0.4%, to close at 2,792.62, and the Nasdaq Composite Index COMP, -0.23% آ*declined 17.79 points, or 0.2%, to 7,577.57. Whatâ??s driving the market? Mondayâ??s soft close came as initial enthusiasm faded over reports that U.S. and Chinese negotiators were close to completing a trade deal. China on Tuesday lowered its economic growth target<a href="http://www.marketwatch.com/story/china-sets-2019-gdp-growth-target-at-6-to-65-2019-03-05" class="icon none"/>for 2019 to between 6% and 6.5%, acknowledging a deepening slowdown. Premier Li Keqiang at the opening of the annual session of Chinaâ??s legislature outlined plans to underpin the economy, including an increase in deficit spending, new tax cuts and other fee cuts for businesses, and a boost in bank lending to small and private companies by 30%. On the corporate front, shares of retail chain store operator Target Corp. TGT, -0.37% آ*rose 2.9% in premarket action after topping fourth-quarter earnings and same-store sales top expectations. What are analysts saying? â??Trade optimism could only take the stock market so far. High level talks between the two largest economies have been ongoing and although they appear close to bearing fruit, the fact remains that the optimism has already been priced in,â?* said Alfonso Esparza, senior market analyst at Oanda, in a note. â??Details on the agreement will be needed to unlock gains as investors preferred government bonds until an official announcement dispels all doubts of the U.S.-China agreement.â?* </p> Source link More ??????? ??????: Stock-index futures edge higher as investors keep focus on China || ??????: ahlam1399 || ??????: اسم منتداك
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