US futures higher on trade deal hopes

U.S. stock futures pointed to an upbeat final session of trade for 2018 on Monday, as investors drew inspiration from trade headlines pointing to hopes of progress between the U.S. and China.

How are benchmarks performing?

Dow Jones Industrial Average futures climbed 228 points, or 1%, to 23,263, while S&P 500 futures rose 22 points, or 0.9%, to 2,508 and Nasdaq-100 futures jumped 66.75 points, or 1%, to 6,360.25.

Last week, major indexes managed the first weekly gain for all three indexes since the end of November. Friday’s back-and-forth session ended with a late push higher fizzling out, leaving the Dow Jones Industrial Average to settle down 0.3% to 23,062.40. The S&P 500 finished off 0.1% and the Nasdaq Composite eked out a 0.1% gain.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.