- Dow Jones Industrial Average futures are trading up early Friday.
- The stock market continues to look for direction amid a protracted trade war.
- Unfavorable developments on the trade war front could send the market into the fourth day of losses.
Futures on the Dow Jones Industrial Average (DJIA) are trading higher early Friday despite the growing uncertainty around a potential trade deal between the U.S. and China. The stock market was left in limbo yesterday and finished lower for the third consecutive day as it looks for concrete signs of a resolution to the trade war saga.
The higher Dow futures indicate that the stock market might bring an end to its three-day losing streak. However, recent comments from both Beijing and Washington indicate that a higher open could soon give way to despair if both sides keep exchanging barbs. So there’s a chance that the stock market’s losing streak might extend into the fourth day.
China wants US trade deal but ‘not afraid’ to fight: Xi Jinping https://t.co/t6JPGl8Ogd
— TOI Business (@TOIBusiness) November 22, 2019
Dow futures indicate a higher stock market open
Dow Jones futures are up 49 points, or 0.18 percent, to 27,797 points at 5.37 am ET. The futures were trading as high as 27,839 points at 3.50 am ET before witnessing a sharp pullback. This gives us an idea of the potential volatility the stock market might witness today if no favorable development takes place on the trade deal front.
Futures on the S&P 500 are up 0.18 percent, while Nasdaq Composite futures are also up 0.28 percent.
Is another day of losses for the stock market in the cards?
Sparks are flying between the U.S. and China once again. Both countries are negotiating hard at the table and it looks like none of them are willing to concede an inch of ground to the other. Chinese President Xi Jinping has already expressed in no uncertain…