Stocks- U.S. Futures Flat as NAFTA Deal Remains in the Spotlight
Investing.com – U.S. futures were mostly flat on Wednesday, as Canada began negotiations to join the U.S. and Mexico’s new trade deal.
The was flat at 2,899.25 as of 6:50 AM ET (10:50 GMT) while was down 12 points, or 0.05%, to 26,073.0. Meanwhile tech heavy increased 11 points, or 0.15%,to 7,589.0.
Trade is expected to be thin this week ahead of the Labor Day weekend.
Investors remained cautious ahead of a upcoming deadline in Sino-U.S. trade disputes as a trade deal between the U.S. and Mexico was underway.
Canada’s Foreign Minister Chrystia Freeland is in Washington to following Monday’s deal between the United States and Mexico. U.S. President Donald Trump has said he will levy tariffs on Canada if they do not agree with the new trade deal.
Amazon.com (NASDAQ:) was among the top gainers in pre-market trading, surging 1.30% amid news that it is . Meanwhile semiconductor Micron rose 0.31% while Netflix (NASDAQ:) inched up 0.27%.
Elsewhere British American Tobacco (NYSE:) fell 0.96% while Cisco (NASDAQ:) fell 0.28%.
In economic news, the second estimate of second quarter comes out at 8:30 AM ET (12:30 GMT) while comes out at 10:00 AM ET (14:00 GMT).
In Europe stocks were mostly down. Germany’s fell 7 points or 0.06% while in France the was flat and in London the was down 50 points or 0.67%. Meanwhile the pan-European decreased 12 points or 0.35% while Spain’s slumped 73 points or 0.77%.
In commodities, fell 0.40% to $1,209.50 a troy ounce while futures increased 0.36% to $68.78 a barrel. The which measures the greenback against a basket of six major currencies, rose 0.13% to 94.75.
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