Equity futures are pointing to a higher open on Tuesday after lawmakers reached a tentative deal to avert another partial government shutdown.
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However, it was unknown if President Trump was on board with the deal as congressional aides said it did not contain the amount of money he wanted for a border wall.
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Dow Jones futures were rising by 0.8 percent. The S&P 500 added 0.7 percent and the Nasdaq Composite was up 0.8 percent.
The U.S.-China trade talks continue as both sides attempt to strike a deal before the March 1 deadline, when additional U.S. tariffs on Chinese imports will be applied.
U.S. Trade Representative Robert Lighthizer arrived in Beijing on Tuesday ahead of high-level talks scheduled later this week.
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In Asian markets on Tuesday, China’s Shanghai Composite gained 0.7 percent, Hong Kong’s Hang Seng index rose 0.1 percent and Japan’s Nikkei rallied 2.6 percent as trading resumed following Monday’s holiday.
In Europe, London’s FTSE slipped less than 0.1 percent, Germany’s DAX gained 1 percent and France’s CAC added 0.9 percent.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 25053.11 | -53.22 | -0.21% |
| SP500 | S&P 500 | 2709.8 | +1.92 | +0.07% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7307.9048 | +9.71 | +0.13% |
Equities closed mixed on Monday as investors focused on the resumption of U.S.-China trade talks.
One topic on the table in this round of talks involves how China treats American companies’ intellectual property. An agreement on that issue would go a long way toward sealing a trade deal that could prevent tariffs from rising on Chinese imports.
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Several retail brands helped lift the markets. Shares of Tesla rose after Canaccord Genuity raised its rating on the stock to Buy from Hold and hiked its price target.
Better-than-expected quarterly results lifted shares of Restaurant Brands International. Shares of communications companies like Comcast and CBS weighed on the market.
