Futures point to U.S. stock market gains at the open
Stock-index futures posted moderate gains Friday, pointing to a positive start for Wall Street as investors continue to monitor noises around U.S.-China trade talks and track developments around a whistleblower complaint against President Donald Trump, who is facing an impeachment inquiry in the House.
What’s driving the market? The weaker tone on Thursday was tied in part to a news report that the Trump administration was unlikely to extend a waiver that allows U.S. companies to make sales to China telecom firm Huawei, potentially stoking trade tensions. But skeptics said they remained unconvinced after numerous swings between conciliation and escalation over the course of the U.S.-China trade battle stretching back to spring of last year.
The whistleblower report and impeachment concerns have had only a fleeting at most effect on markets so far, analysts said, but could become a factor if the outlook for Trump’s presidency darkens.
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