REUTERS: U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei.
The recent escalation in the trade dispute has dented a strong run in stocks this year, and has put the benchmark index now about 3per cent below its all-time high hit just two weeks ago. Still, U.S. stock indexes posted their second consecutive session of gains on Tuesday after reports that President Donald Trump would hold off on tariffs on imported cars and parts, and on news that the United States would resume trade talks soon in China.At 7:09 a.m. ET, Dow e-minis were up 100 points, or 0.39per cent. S&P 500 e-minis were up 12 points, or 0.42per cent and Nasdaq 100 e-minis were up 31.25 points, or 0.42per cent.
Analysts now expect first-quarter earnings growth of 1.2per cent, a significant turnaround from the 2per cent loss seen on April 1.
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