Investing.com - U.S. futures dipped on Wednesday as doubts lingered over a partial deal between the U.S. and China, while Bank of America's earnings came in a little ahead of expectations.
China’s Foreign Ministry said the government would take measures against the U.S. if a bill that supports Hong Kong protesters is passed.
The law would end a special trading status between the U.S. and Hong Kong until the State Department certifies annually that city authorities are respecting human rights. It was approved by the House and must be voted on by the Senate before becoming law. If it does, it will further complicate the interplay of commercial and political relations between the two countries.
In earnings news, Bank of America (NYSE: BAC ) jumped 1.9% after it reported underlying profits that beat analysts' expectations.The lender said underlying net income rose 4% to $7.5 billion, or an adjusted 75 cents a share. A $2.1 billion impairment charge left the final EPS number at a more modest 56c, still just ahead of an expected 51c. Revenue was almost unchanged from a year earlier at $22.8 billion.
Abbott Labs (NYSE: ABT ) is also expected to report ahead of the open.
In commodities, gold futures inched up 0.2% to $1,486.45 a troy ounce, while the U.S. dollar index , which measures the greenback against a basket of six major currencies, was flat at 98.042. Crude oil futures were steady at $52.84 a barrel.
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