Business & Finance

US stock futures slip amid trade tensions in US-China


Despite rising trade tensions between the US and China, US stock futures have been low after major stock indexes earned profits on the first trading day of the month.

“The market seems comforted at the White House by signaling President (Donald) Trump and Xi Jinping to talk this week,” said Mike O’Rourke, chief market strategist at Joan Straredding.

At 6:20am on ET, futures linked to the Blue Chip Dow fell by -0.40%, Broad S&P 500 index futures fell by -0.45%, and Tech-heavy Nasdaq futures fell by -0.44%.

NEW YORK, NY - Jan 15: Traders work on the floor of the New York Stock Exchange (NYSE) on January 15, 2025 in New York City. The NYSE and NASDAQ saw a surge in trading volumes and a massive cut in ongoing stocks. The Russell 2000 continued to perform strong, with the Innovator IBD 50 ETF earning 3%. Several stocks within the IBD 50, including Robinhood, Rocket Lab and Intuitive Machines, have found significant profits. Despite a strong 2024, top S&P 500 performer Palantir declined in January, urging investor Cathie Wood to cut stocks. (Photo: David Dee Delgado/Getty Images)
NEW YORK, NY – Jan 15: Traders work on the floor of the New York Stock Exchange (NYSE) on January 15, 2025 in New York City. The NYSE and NASDAQ saw a surge in trading volumes and a massive cut in ongoing stocks. The Russell 2000 continued to perform strong, with the Innovator IBD 50 ETF earning 3%. Several stocks within the IBD 50, including Robinhood, Rocket Lab and Intuitive Machines, have found significant profits. Despite a strong 2024, top S&P 500 performer Palantir declined in January, urging investor Cathie Wood to cut stocks. (Photo: David Dee Delgado/Getty Images)

Before Beldallar General, Signet Jewellers and Nio will report their revenue.

Here are the stocks to watch:

  • Echostar said he would not pay about $183 million in cash interest on a series of dishes memos. He said the non-payment was made in light of recent uncertainty brought by the Federal Communications Commission.

  • Pegasystem has improved its annual outlook over analysts’ forecasts.

  • CREDO technology results for the last three months of the fiscal year beat analysts’ forecasts.

Medora Lee is a money, market and personal finance reporter for USA Today. mjlee@usatoday.com and Subscribe to our free daily money newsletter Personal finance tips and business news every Monday to Friday.

This article was originally published on USA Today. US stock futures slip amid trade tensions in US-China

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