Home Americas US Dow futures higher; traders monitor impeachment inquiry, trade talks

Dow futures higher; traders monitor impeachment inquiry, trade talks

U.S. stock index futures were slightly higher Wednesday morning.

At around 01:40 a.m. ET, Dow futures rose 52 points, indicating a positive open of more than 80 points. Futures on the S&P and Nasdaq were both marginally higher.

The moves in pre-market trade come after the U.S. House of Representatives decided to officially start an impeachment inquiry into President Donald Trump. It is yet unclear how much impact there will be on the President, given that an impeachment process has to ultimately be approved by the Senate and the chamber is dominated by Republicans.

Only three American presidents before Trump have faced serious impeachment proceedings, and Congress has never booted one from the White House. Even if Democrats eventually impeach Trump, the Republican-held Senate may never find him guilty and remove him from office.

In the meantime, investors are also monitoring developments on the trade front. Speaking in New York, Tuesday, President Trump said he will not accept a “bad” trade deal with China. Trump also argued the World Trade Organization needs “drastic change” to deal with malpractices from China and other countries.

On the data front, there will be new homes sales data at 10:00 a.m. ET.

In corporate news, KB Home will be reporting after the bell.

Several Fed members will also be making speeches throughout the day, including Chicago Fed President Charles Evans at 9:00 a.m. ET.

CNBC’s Jacob Pramuk contributed to this article. 

Source

Dow futures higher; traders monitor impeachment inquiry, trade talks 4
OpenPaperhttps://openpaper.com
Open Paper. News that matters.
- Advertisment -

Most Popular

Clint Eastwood hounded for ‘sexist’ movie, but is the director a misogynist or a master troll? — RT USA News

Clint Eastwood’s ‘Richard Jewell’ tells the story of an innocent man whose life is ruined...

Taylor Hall trade rumors: Speculation grows after New Jersey Devils scratch forward

Speculation about an imminent trade involving New Jersey Devils forward Taylor Hall flared up Friday when the Devils announced...

Jingle Ball New York 2019 Recap: Taylor Swift & More Highlights

It was New York's turn to celebrate the holiday season on Friday night (Dec. 13), as iHeartRadio's Jingle Ball lit up Madison Square...

Recent Comments