U.S. stocks set to end the week slightly higher, with trade talks, yields in the spotlight

  • Written by MarketWatch
  • Published in Economics

A previous version of this story provided incorrect historical data for the 30-year bond. The story has been corrected.

image AFP/Getty Images

U.S. stock futures were indicating a modestly higher start for Wall Street on Friday, with investors keeping a close eye on headlines coming out of trade talks between the U.S. and China, as well as persistently higher bond yields.

What are markets doing?

Dow Jones Industrial Average futures YMM8, +0.25%[1]  rose 22 points to 24,724, while S&P 500 futures SM8, +12.12%[2]  rose 2.6 points to 2,721.50. Nasdaq-100 futures NQM8, +0.27%[3] climbed 12.75 points, or 0.2%, to 6,919.

On Thursday, the Dow DJIA, -0.22%[4] slipped 54.95 points, or 0.2%, to 24,713.98, the S&P 500 index SPX, -0.09%[5] shed less than 0.1% to 2,720.13, and the technology-heavy Nasdaq Composite Index COMP, -0.21%[6] gave up 0.2% to 7,382.47.

Need to know: Stock-market bears look declawed after small-caps soar to a record[7]

Meanwhile, the small-cap benchmark Russell 2000 index RUT, +0.55%[8]  rose 0.6% on the day, scoring its second straight closing record at 1,625.29.

As of Thursday’s close, the Dow was set to drop 0.5% for the week, with the S&P 500 and Nasdaq looking at losses of 0.3% each.

What’s driving the market?

Trade talks between the U.S. and China in Washington will likely command attention. A China official on Friday denied an offer had been made to cut its trade surplus with the U.S. by $200 billion. A variety of news outlets reported that an offer had been made on Thursday. That comes amid doubts over the success of those talks, given that U.S. President Donald Trump said Thursday that Beijing had become too “spoiled” and he had lowered his expectations for...

Read more from our friends at MarketWatch

47°F

Philadelphia

Cloudy

Humidity: 50%

Wind: 4.97 m/h

  • 29 Nov 2020 55°F 33°F
  • 30 Nov 2020 65°F 43°F