U.S. stock futures point to another strong day on Wall Street, with the Dow indicated to add another 250 points at Thursday's open.
indicated to add another 250 points at Thursday's open. The market was encouraged by the U.S. confirming "ministerial level" trade talks with China in "the coming weeks" in Washington. The August weakness pushed the Dow negative for the quarter, but it's still up nearly 13% for the year, as of Wednesday's close. Bond yields were higher Thursday, with no recession signalling inversions on the yield curve.
. But U.S. officials did not confirm the October timetable, saying only that talks would happen in the "coming weeks" in Washington. Previously, both sides had indicated they would meet in September.Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019.
also continues to pressure the Fed for more rate cuts, saying in August that central bankers should cut rates by at least 1%. A more aggressive half-point cut in September is not getting support within the Fed, the Journal reported. Allen Shim, chief financial officer of Slack; and Stewart Butterfield, co-founder and chief executive officer of Slack, celebrate after ringing the opening bell the New York Stock Exchange , June 20, 2019 in New York City.
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