Stocks Higher As Wall Street Watched Trade Negotiations

U.S. stock index futures were higher on Monday, the last day of September, as investors watched trade developments between the U.S. and China.

Around 7:15 a.m. ET, Dow Jones Industrial Average futures indicated a gain of 54.75 points at the open. S&P 500 and Nasdaq 100 futures also traded higher.

Wall Street ended lower last week on reports that the White House is considering limiting U.S. investment into China, including a possible de-listing of Chinese companies from U.S. exchanges, in a further escalation of the ongoing trade dispute between the world’s two largest economies. However, spokespeople had denied that the U.S. was considering such a move.

U.S. and China trade delegations are due to meet on Oct. 10 as both sides try to move closer to a deal. Both countries have slapped tariffs on billion of dollars worth of their goods, dampening expectations for economic and corporate profit growth.

The major indexes were headed for a mixed monthly performance. The Nasdaq Composite was down slightly for September entering Monday’s session while the S&P 500 and Dow were up more than 1%.

On the data front, Chicago PMI figures for September are due at 8:45 a.m. ET and Dallas Fed manufacturing index data will be published at 9:30 a.m. ET.

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