US Stock Futures Edge Lower on Trade War Concerns
US stock futures slipped on Tuesday as investors assessed China's swift retaliation to US President Donald Trump's additional tariffs.
Market Movers:
* Dow Jones Industrial Average (YM=F): Down 0.2%
* S&P 500 (ES=F): Down 0.2%
* Nasdaq 100 (NQ=F): Flat
China's Response to US Tariffs
* China imposed tariffs on US coal, liquefied natural gas, crude oil, farm equipment, and autos, effective February 10.
* The move raises concerns about a potential trade war between the world's two largest economies.
Wall Street Optimism and Trump's Talks with China
* Some analysts see China's response as a sign of restraint, leaving room for compromise.
* Trump announced talks with Chinese President Xi, which could ease tensions.
Other Notable Developments:
* US dollar index (DX-Y.NYB) declined slightly as worries subsided.
* Alphabet (GOOG, GOOGL) faces antitrust investigation by China.
* Spotify (SPOT), PayPal (PYPL), AMD (AMD), and Chipotle (CMG) report earnings on Tuesday.
* Palantir (PLTR) shares surged 18% after exceeding revenue forecasts.
Data to Watch:
* Job openings (December)
* Factory orders (December)
* Durable and capital goods orders (December final)