U.S. stock futures were poised Friday for a mixed open as investors gauged the threats from an intensifying trade war between Washington and Beijing.
Continue Reading Below
The Dow Jones Industrial Average and the S&P 500 were both fractionally lower, while the Nasdaq Composite rose 0.39%.
European stock indexes turned moderately positive after intially declining. In Asia stock indexes opened lower but then turned positive as investors anticipated China’s central bank to strengthen the yuan.
On Thursday, a slew of lukewarm quarterly earnings reports of American Express and Travelers as well as a deal to toughen foreign investment regulations.
Bank of New York tumbled 2.91, or 5.2%, to 52.73, after posting weaker-than-expected revenue, and Travelers declined 4.82, or 3.7%, to 125.18 as weather-related catastrophes hammered profits. American Express fell $2.81, or 2.7%, to $100.17, despite reporting robust loan growth and card-member spending.
