Stock Futures Slide as Investors Await Inflation Data and More Trade Details
Stocks were headed for losses on Wednesday after a plan by China and the U.S. to get trade negotiations back on track left investors feeling underwhelmed. Inflation data later in the morning could test the recent global rally.
Futures tracking the Dow Jones Industrial Average fell 80 points, or 0.2%. S&P 500 futures dropped 0.3%, and contracts tied to the tech-heavy Nasdaq 100 slipped 0.2%.
The three blue-chip indexes edged higher on Tuesday as Wall Street awaited news from the London trade talks. But while Beijing and Washington said they had agreed on a framework to ratchet down tensions, they didn’t share in full what they’d agreed to, leaving the market searching for more clarity.