Early trading on Wall Street was thin, the Associated Press reports, with all eyes on China-U.S. trade talks in London that could have a huge impact on the global economy.
Futures for the S&P 500 and the Nasdaq each inched up 0.1% before the bell Tuesday, while futures for the Dow Jones Industrial Average were essentially flat.
A second day of talks was planned after U.S. and Chinese officials met in London on Monday for negotiations over various issues. The hope is that they can eventually reach a deal to reduce high tariffs. Most of the tariff hikes imposed since U.S. President Donald Trump escalated his trade war have been paused to allow trade in everything from tiny tech gadgets to enormous machinery to continue.
Designer Brands shares fell nearly 7.5% before the bell Tuesday after the company — which also owns the Keds and Hush Puppies brands — posted a much wider loss than analysts were expecting.
Tesla rose early Tuesday, a day after it recovered a decent chunk of its sharp, recent drop. The electric vehicle company tumbled last week as Elon Musk’s relationship with Trump imploded, but shares were up 2.3% in premarket after climbing 4.6% Monday.
U.S. benchmark crude oil picked up 37 cents to $65.66 per barrel. Brent crude, the international standard, was up 36 cents at $67.40.
The dollar fell to 144.53 Japanese yen from 144.61 yen.
