(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window.)
* Futures: Dow up 0.02%, Nasdaq up 0.01%, S&P off 0.02%
By Arjun Panchadar
Nov 26 (Reuters) - U.S. stock index futures treaded water on Tuesday, a day after Wall Street closed at record highs, as investors waited for the latest on the trade talks between the United States and China.
Beijing said on Tuesday negotiators had reached a "common understanding on resolving relevant problems", but did not indicate if an agreement was in the offing. three main U.S. stock indexes have rallied this month, fueled by optimism over a deal to end the damaging trade war, a third-quarter corporate earnings season that has largely topped lowered expectations and upbeat domestic economic data.
But prospects of a pact, which was expected by mid-November, have been clouded by a U.S. legislation on human rights in Hong Kong. China said on Tuesday it had summoned the U.S. ambassador to protest against the bill. third interest rate cut by the Federal Reserve this year has also been instrumental in lifting risk appetite. Fed Chair Jerome Powell said on Monday monetary policy was "well positioned" to support the strong labor market. now turns to the Conference Board's U.S. consumer confidence survey for November, due at 10 a.m. ET. The reading is expected to rise to 127 from 125.9 in October.
Shares of Best Buy Co Inc (NYSE: BBY ) BBY.N jumped 5.3% after the consumer electronics retailer beat expectations for quarterly same-store sales and forecast strong holiday quarter earnings. Packard Enterprise Co HPE.N fell 4.6% as the enterprise software maker missed fourth-quarter revenue estimates, hit by lower demand for its servers and storage products. security firm Palo Alto Networks Inc PANW.N tumbled 8.7% after forecasting second-quarter profit well below expectations, as it grapples with higher costs and rising competition. of Global Blood Therapeutics Inc GBT.O rose 6.8% as the U.S. Food and Drug Administration approved its drug to treat sickle cell disease in adults and children 12 years or older.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.