Stocks looking at mixed open
U.S. equity futures were mixed on Thursday after more negative sentiment surrounding future trade relations between Washington and Beijing.
The Wall Street Journal reported early Thursday that China’s President Xi Jinping is expected to seek a host of demands from President Donald Trump that the U.S. must meet before China is willing to resume stalled trade discussion between the two economic giants.
As of 5:36 a.m. ET, futures on the blue-chip Dow were seen gaining 77 points, or 0.3%. Futures on the tech-heavy Nasdaq 100 climbed 47 points, or 0.6% while those on the S&P 500 futures climbed 13 points, or 0.5%.
Boeing shares tumble after FAA finds new software issue with 737 Max
Boeing Co (NYSE: BA) shares fell in premarket trading hours Thursday after the Federal Aviation Administration (FAA) announced that the aerospace giant must address a new “potential risk” in the 737 Max aircraft.
The new issue with the 737 Max’s computer system emerged during FAA simulator testing, and is likely to delay the plane’s return to the skies. Shares of the Chicago-based company slid 2.54% to change hands at $365.4 apiece before markets opened.
Walgreens, Nike among big names reporting earnings today
Investors will wade through more corporate earnings today, with Walgreens Boots Alliance, Inc (NASDAQ: WBA), McCormick & Company, Inc (NYSE: MKC), Accenture plc (NYSE: ACN) all set to report before the bell.
Nike Inc (NYSE: NKE) and SMART Global Holdings, Inc (NASDAQ: SGH) will publish their quarterly results after the close.
Bitcoin falls by more than $1900
Bitcoin price lost more than $1,800 within about 10 minutes after Coinbase (a U.S.-based cryptocurrency trading platform) reported a system outage on Wednesday.
The cryptocurrency dropped to under $11,900 from $13,850 within minutes, according to data compiled by Refinitiv.