US STOCKS-Futures higher as robust Chinese data eases growth worries [Reuters]
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Source: Reuters
US STOCKS-Futures higher as robust Chinese data eases growth worries - Reuters 3 Min Read (For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) * Futures up: Dow 0.75%, S&P 0.77%, Nasdaq 0.96% By Uday Sampath Kumar Sept 4 (Reuters) - U.S. stock index futures rose on Wednesday after encouraging data from China allayed concerns of slowing global growth in the backdrop of an ongoing trade dispute between the United States and China. A private survey showed activity in China’s services sector expanded at the fastest pace in three months in August, a boost to the world’s second-largest economy struggling to reverse a prolonged slump in its manufacturing sector. Wall Street’s three major indexes fell on Tuesday after the United States and China imposed new tariffs on each other’s goods over the weekend and on data showing weak U.S. factory activity in August. Markets have struggled in August as escalating trade tensions and the inversion of a key part of the U.S.
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