U.S. stock index futures rose for a fourth straight session on Tuesday as U.S.-China officials reaffirmed their commitment to a Phase-1 trade ...
U.S. stock index futures rose for a fourth straight session on Tuesday as U.S.-China officials reaffirmed their commitment to a Phase-1 trade deal, adding to market optimism from signs of progress in developing treatments and vaccines for COVID-19.
The pledge was made in a telephone call, the first formal dialogue since early May between the two sides, and came amid growing concerns that the deal could be on shaky ground because of worsening relations.The S&P 500 and Nasdaq logged new closing highs on Monday. The benchmark index surpassed its pre-pandemic high last week even as recent economic data pointed to a wobbly recovery from the virus-led downturn.
Investors also await Federal Reserve Chairman Jerome Powell's address on Thursday for hints on the central bank's next steps to support an economic recovery.
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