U.S. stock futures pointed higher on Sunday evening as Wall Street looks ahead to a big week for the U.S.-China trade war, corporate earnings, and economic data.<\/p>\n
President Donald Trump again set the tone for the market after he further softened his rhetoric on China<\/a> in an interview with Fox News\u2019\u00a0Sunday Morning Futures<\/a>.<\/p>\n \u201cI\u2019m not looking to destroy China,\u201d\u00a0he said, contrasting with his remarks in August when he said he holds \u201cincredible cards\u201d that \u201cwould destroy China,\u201d if he chose to use them.<\/p>\n Earlier this month, he\u00a0announced an\u00a0additional 100% tariff and software restrictions<\/a>\u00a0on China, which has a stranglehold on the world\u2019s supply of rare earths and imposed tighter export controls that threaten a wide range of industries.<\/p>\n Last week, stocks rebounded sharply after Trump said \u201cDon\u2019t worry about China\u201d and vowed that everything will be fine. A similar pattern is playing out again this weekend.<\/p>\n Futures tied to the\u00a0Dow\u00a0Jones industrial average rose 54 points, or 0.12%. S&P 500 futures were up 0.15%, and\u00a0Nasdaq\u00a0futures added 0.20%.<\/p>\n The yield on the 10-year Treasury was flat at 4.011%. The U.S. dollar was down 0.06% against the euro and up 0.14% against the yen. <\/p>\n Gold climbed 1% to $4,253.10 per ounce. U.S. oil futures were steady at $57.55 a barrel, and Brent crude was virtually unchanged at $61.27.<\/p>\n Investors will get another update on the trade war as Treasury Secretary Scott Bessent is due to meet Chinese Vice Premier He Lifeng this week to continue talks ahead of a meeting between Trump and Xi Jinping at the end of this month on the sidelines of a regional economic summit in South Korea.<\/p>\n Meanwhile, the third-quarter earnings season ramps up after big banks reported blowout results, with top tech companies on tap.<\/p>\n On Tuesday, Netflix<\/a> and Texas Instruments<\/a> are due. On Wednesday, Tesla<\/a> and IBM<\/a> will report, while Intel<\/a> is scheduled for Thursday.<\/p>\n And despite the government shutdown, the consumer price index report for September will be issued by the Labor Department on Friday after key personnel were recalled. The report will allow for Social Security to make cost of living adjustments.<\/p>\n Economists expect a 0.4% monthly uptick, matching August\u2019s pace, and a 3.1% annual increase, accelerating from 2.9% in August.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. stock futures pointed higher on Sunday evening as Wall Street looks ahead to a big week for…\n","protected":false},"author":3,"featured_media":317808,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,74,13656,266,9580,4053,67,132,68],"class_list":{"0":"post-317807","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-china","10":"tag-earnings","11":"tag-inflation","12":"tag-stock","13":"tag-tariffs-and-trade","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115404861891799837","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/317807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=317807"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/317807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/317808"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=317807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=317807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=317807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}