US stocks set for a mixed open after Trump's trade comments dent historic rally

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U.S. stock index futures were mixed Wednesday morning after ending a lengthy winning streak following President Donald Trump's skeptical comments on the ongoing U.S.-China trade war.

Trump on Tuesday said the world's two largest economies have a "long way to go" on trade, and suggested that the U.S. could impose sanctions on an additional $325 billion worth of Chinese goods.

Wednesday sees a slew of major corporates reporting, with Bank of America, Morgan Stanley, IBM and Netflix all due before the bell.were mixed Wednesday morning after ending a lengthy winning streak following President Donald Trump's skeptical comments on the ongoing U.S.-China trade war. At around 2.20 a.m. ET, Dow futures were up by around 8 points and indicated a positive open of more than 9 points. The S&P 500 was seen edging fractionally higher while the Nasdaq was expected to tick slightly lower.

Trump on Tuesday said the world's two largest economies have a "long way to go" on trade, and suggested that the U.S. could impose sanctions on an additional $325 billion worth of Chinese goods. The comments come just as Washington and Beijing seek to restart negotiations on a trade deal after Trump and Chinese President Xi agreed not to escalate tensions, having slapped tariffs on billions of dollars' worth of each other's imports over the past year.

 

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