Equity futures were cautious as trade talks between the US and Canada went down to the wire with a Friday deadline looming.
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Dow Jones futures were lower by 0.15%. The S&P 500 slipped 0.16% and the Nasdaq Composite was off 0.13%.
In overnight corporate news, Coca-Cola is increasing its caffeine quotient with plans to acquire the Costa coffee chain of the UK for $5.1 billion.
Stocks fell Thursday following a report that President Trump wants to move ahead with plans to impose tariffs on $200 billion in Chinese goods.
The Dow Jones Industrial Average dropped 137.65 points, or 0.53%, to 25,986.92. The S&P 500 was down 12.91 points, closing at 2,901.13. The Nasdaq Composite fell 21.32 points, or 0.26%, to 8,088.36.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 25986.92 | -137.65 | -0.53% |
| SP500 | S&P 500 | 2901.13 | -12.91 | -0.44% |
| I:COMP | NASDAQ COMPOSITE INDEX | 8088.3631 | -21.32 | -0.26% |
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Economic data released on Thursday included initial weekly jobless claims which rose 3,000 to a seasonally-adjusted 213,000.
U.S. personal incomes increased 0.3% in July and consumer spending advanced 0.4%.
On Friday, traders will get the latest read on consumer sentiment.
China stocks ended lower on Friday on renewed trade war fears.
The Shanghai Composite finished the day down 0.5%
Hong Kong’s Hang Seng index dropped 1.1%
Japan’s Nikkei snapped an 8-day rally, ending the day off 0.02%, but gained 1.2% for the week.
In Europe, London’s FTSE opened down 0.2%, Germany’s DAX fell 0.6% and France’s CAC was off 0.1%
FOX Business’ Leia Klingel contributed to this article.
