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This basket consists of stocks gaining popularity from health and wellness.
Stock futures fell as reports of progress toward tangible commitments for a trade deal between the U.S. and China failed to provide a lasting boost to stocks.
U.S. stocks were set to open lower on Thursday after disappointing economic data, while investors tracked U.S.-China trade talks amid signs that the two countries were tackling some of the stickiest issues in their trade war. "The market's crept up waiting for an actual agreement (with China), anything short of that is a disappointment," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a further slowdown in business spending on equipment that could crimp economic growth.
Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Shares of Nike Inc fell nearly 2 percent on Thursday, a day after a sneaker worn by emerging basketball star Zion Williamson split in half 33 seconds into a hotly anticipated game between Duke University and North Carolina. The freshman center, who plays for the Duke Blue Devils, suffered a mild sprain to his right knee, according to his coach Mike Krzyzewski. Williamson did not return to play, which ended with No. 1 Duke losing 88-72 to the No. 8 ranked Tar Heels.
U.S. stock index futures were flat on Thursday following signs that the United States and China were tackling some of the stickiest issues in their ongoing trade dispute. Although, President Donald Trump suggested he was open to pushing that deadline. Shares of semiconductor companies, which have major revenue exposure to China, rose in premarket trading.
The food producer matched estimates with quarterly profit of 44 cents per share, but the maker of Spam, Dinty Moore, and other food brands saw revenue come up slightly short of Street forecasts. Separately, Hormel said PepsiCo PEP would pay $465 million in cash for its CytoSport. Hormel had announced that deal earlier this week, but had not disclosed the purchase price for the Muscle Milk maker at that time.
A Duke University basketball player suffered an injury when his Nike NKE shoe blew apart during a game. Nike shares were down 1.6 percent in premarket trading Thursday morning. "We are obviously concerned and want to wish Zion a speedy recovery.
Stock futures were under some pressure today, despite optimism over U.S.-China trade talks. The Nasdaq was riding an eight-session winning streak. The U.S. and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.