Stocks – U.S. Futures Flat as China Growth Slows; Coca Cola Earnings as Expected
Investing.com – U.S. futures were tepid on Friday after China posted its weakest growth in nearly three decades, increasing concerns about the impact of its trade dispute with the U.S.
China’s gross domestic product grew 6% annually in the third quarter, which was the slowest rate in 30 years. The news comes on the back of China trying to get more concessions from the U.S. before it signs a temporary phase-1 deal agreed on last week.
dipped 2 points or 0.1% by 7:04 AM ET (11:04 GMT), while inched up 9 points or 0.1% and S&P 500 futures ticked up 1 point or 0.1%.
Coca-Cola (NYSE:) was up 2.3% in premarket trade after its earnings came in as expected, with comparable earnings per share of $0.56 in the third quarter on net revenue of $9.5 billion.
American Express (NYSE:) and State Street (NYSE:) are also expected to report before the bell.
Beyond Meat (NASDAQ:) tumbled 2.9% after reports that Dave & Buster rejected its competitor Impossible Foods and is instead testing a new brand made by Maple Leaf Foods.
American Airlines (NASDAQ:) dipped 2.3% after news that the lawyers of families of passengers killed in a Boeing (NYSE:) 737 Max crash are set to subpoena American and Southwest Airlines (NYSE:) to find out what Boeing promised about flight crew training and communication with the airlines following two fatal crashes involving the plane model.
In commodities, fell 0.6% to $1,488.45 a troy ounce, while the , which measures the greenback against a basket of six major currencies, dipped 0.1% to 97.278. jumped 1% to $54.48 a barrel.
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