U.S. stock futures pare gains as Trump talks about suing tech giants [Los Angeles Times (CA)]
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Source: Los Angeles Times
U.S. stock futures pare gains as Trump talks about suing tech giants U.S. stock futures pared gains as President Trump said he’d consider fresh tariffs on a range of trading partners and that his administration should consider suing tech giants. Contracts on the S&P 500 index trimmed an advance after Trump said the U.S. “perhaps” will sue Google and Facebook. Shares rose earlier after Treasury Secretary Steven T. Mnuchin reiterated he was “hopeful” for an eventual trade deal with China as leaders of the two countries prepare to meet at the Group of 20 summit. The Stoxx Europe 600 index erased an early decline as gains for banks and car makers offset declines for real estate and healthcare stocks. Ten-year Treasury yields climbed above 2%, oil rose to a four-week high on supply concerns and gold retreated. Shares slid in Japan and Australia, while benchmarks in Hong Kong and India edged higher. Investors have been in a cautious mood ahead of the meeting between Presidents Trump and Xi
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