US stock futures are looking to open higher Friday morning after being rattled from Apple’s ($AAPL) gloomy growth outlook letter released on Wednesday. The DOW is currently trading up 300 points while the S&P 500 is up 30 points.
China and the U.S. are set to have trade talks January 7-8 in attempt to negotiate a deal. Both markets have taken a beating as the affects from the tariffs become more real.
“We’re not expecting a major breakthrough on Jan. 7-8; that said, where equity markets are in terms of valuations … there’s room for markets to be positively surprised,” said Edward Park, deputy chief investment officer at Brooks Macdonald.
Apple lowered revenue guidance for the first time in 15 years stating slower growth in China as the reason. Markets tumbled and Apple shares had one of their worst days in over 5 years.