U.S. stock index futures were higher on Friday morning, as market participants continue to monitor trade tensions between the world's two-largest economies.
At 5:30 a.m. ET, Dow futures indicated a positive open of more than 120 points. Futures on the S&P and Nasdaq were both higher.
The Dow fell more than 400 points at its lows in the previous session, but regained some of its losses in the final hour of trading as Intel shares turned around to close 1.2% higher.
On Thursday afternoon, President Donald Trump signaled that a trade deal with China could lift tough restrictions on the Chinese telecom giant Huawei. "If we made a deal, I can imagine Huawei being included in some form or some part of a trade deal," Trump said to White House reporters. He also predicted a swift end to the ongoing trade tensions.
In terms of data, the calendar is thin with only durable goods numbers out at 8:30 a.m. ET. In corporate news, Foot Locker is due to report before the bell.
Oil prices jumped more than 1% on Friday morning after a sharp plunge Thursday on economic slowdown jitters.
https://www.cnbc.com/2019/05/24/stock-market-slight-rebound-after-trade-fears-roil-markets.html
2019-05-24 07:10:29Z
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