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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON TECH DRAG

Nvidia tumbles 10%, Amazon loses more than 2% while Apple ends 1% lower

Stocks- U.S. Futures Rise as Investors Look Ahead to Data

Investing.com
U.S. futures pointed to a higher opening bell on Friday.
U.S. futures pointed to a higher opening bell on Friday.

Investing.com – U.S. futures pointed to a slightly higher opening bell on Friday as investors monitored trade developments and looked ahead to a flurry of data.

The S&P 500 futures rose 3 points or 0.13% to 2,909.0 as of 6:50 AM ET (10:50 GMT) while Dow futures gained 30 points, or 0.11%, to 26,190.0. Meanwhile tech heavy Nasdaq 100 futures increased 23 points, or 0.31%, to 7,587.75.

Trade talk efforts between the U.S. and China cooled after U.S. President Donald Trump tweeted that the country “was under no pressure to make a deal with China.”

China accepted the invitation for fresh trade talks later this month in an effort to stave off new tariffs but an editorial in the state-owned newspaper China Daily said that Beijing would not “surrender to the U.S. demands.”

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Investors will also be looking closely at upcoming economic data, after inflation numbers came in lower than expected on Thursday.

Retail sales, import and export prices come out at 8:30 AM ET (12:30 GMT), while industrial production is released at 9:15 AM ET (13:15 GMT) and the Michigan Consumer Sentiment for September is expected at 10:00 AM ET (14:00 GMT).

Semiconductor Micron Technology Inc (NASDAQ:MU) was among the top gainers in premarket trading, rising 2.02%, while Microsoft (NASDAQ:MSFT) gained 0.34% and Facebook (NASDAQ:FB) increased 0.68%. Chinese e-commerce firm Alibaba (NYSE:BABA) jumped 1.51% while Jd.Com Inc Adr (NASDAQ:JD) was up 1.44%.

Elsewhere Tesla (NASDAQ:TSLA) inched down 0.02% while medical marijuana company Tilray Inc (NASDAQ:TLRY) slumped 8.98% after Politico reported that Canadians who work in the industry or invest in the sector could risk a lifetime ban on travel to the U.S.

In Europe stocks were higher. Germany’s DAX rose 30 points or 0.25% while in France the CAC 40 was up 15 points or 0.29% and in London the FTSE 100 increased 17 points or 0.24%. Meanwhile the pan-European Euro Stoxx 50 gained 4 points or 0.14% while Spain’s IBEX 35 inched up 8 points or 0.09%.

In commodities, gold futures rose 0.25% to $1,211.20 a troy ounce while crude oil futures increased 0.36% to $68.84 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, decreased 0.06% to 94.47.

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