On Wednesday Dow Jones failed to secure a strong recovery after a new batch of quarterly earnings reports confirmed that the trade war has begun to eat into profit margins. Wall Street’s major indices remained little changed during the morning hours. The Dow Jones Industrial Average rose 7.64 points or 0.03% to 26,795.74, extending the nervous sentiment from a mixed futures session.
On Wednesday back U.S. futures jumped on the back of news that the U.S. and China had agreed to meet in early October for another round of trade negotiations. At around 1:34 a.m. ET, futures rose 300 points, pointing to an implied opening gain of around 308 points. Futures on the and both also jumped higher.
Dow Jones Industrial Average futures dropped 157 points as of 9:43 p.m. ET Thursday, implying an opening decline of 137.88 points for the benchmark index on Friday. S&P 500 and Nasdaq futures also pointed to declines for the two indexes when they start trading on Friday.