US stock futures little changed amid US-China trade talks
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U.S. stock futures are little changed as investors continue to wait for news from U.S.-China trade talks in London.
Talks are expected to continue for a second day.
Earlier, Kevin Hassett, director of the National Economic Council, said he expected an agreement to emerge that would loosen controls on U.S. exports of semiconductors in exchange for China’s releasing of more rare earths.
The London talks follow a phone call between President Donald Trump and Chinese leader Xi Jinping, the first between the two since Trump took office and after Trump accused China of violating terms of a tariff pause agreed upon in Switzerland last month.
At 6:45 a.m. ET, futures on the blue-chip Dow dropped -0.06%, while broad S&P 500 futures added 0.06% and tech-laden Nasdaq futures rose 0.09%.
Later this week, investors will see May inflation data. The May reports will reflect the first full month of price changes since Trump announced aggressive tariffs on April 2. Since then, many of the highest tariffs have been put on ice but others have gone into effect.
Corporate news
- Cracker Barrel Old Country Store said it plans to sell $275 million in convertible senior notes due in 2030 in a private offering.
- Limoneira said its fiscal second quarter results were worse than in the year-ago period.
Cryptocurrency
Paraguay President Santiago Pena’s X account had likely been hacked to say that the Latin American country had made Bitcoin legal tender and that it would roll out a $5 million Bitcoin-backed reserve fund.
The post was deleted and the government said “the president’s official X account has presented irregular activity which suggests possible unauthorized entry.”
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
