Stock futures surge after Treasury Secretary Mnuchin says US-China deal is 90% complete [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Stock futures surge after Treasury Secretary Mnuchin says US-China deal is 90% complete U.S. stock index futures At around 5:30 a.m. ET, Dow futures rose 106 points, indicating a positive open of more than 112 points. Futures on the S&P and Nasdaq were both seen slightly higher. "We were about 90% of the way there (with a deal) and I think there's a path to complete this," Mnuchin told CNBC's Hadley Gamble on Wednesday Wall Street saw its worst day of June on Tuesday on the back of comments from Federal Reserve officials. Fed Chair Jerome Powell Earlier on Tuesday, James Bullard, president of the St. Louis Fed, downplayed prospects of a rate cut. Market expectations point to a rate cut in July. In terms of data, there will be durable goods numbers at advanced economic indicators due at 8:30 a.m. ET. In corporate news, General Mills and KB Home are due to report earnings.
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