Stocks – U.S. Futures Pause on Reports of Tariff Roll-Back Uncertainty
Investing.com – U.S. futures were flat on Friday after a record close during the prior trading session, as reports suggested that the White House’s plan to roll back tariffs on China isn’t as certain as originally thought.
Chinese officials said on Thursday that both sides had agreed to reduce tariffs, which the U.S. confirmed later in the day. But a divide remains in the White House over whether or not a tariff rollback is even a good idea, Reuters reported.
Meanwhile, outgoing European Commission President Jean-Claude Juncker said he didn’t expect the U.S. to impose import tariffs on cars from the EU. The White House has until Nov. 13 to decide whether it will proceed with the threat it made back in the summer.
were down 7 points or 0.1% by 6:44 AM ET (10:44 GMT), while was flat at 27,667 points and remained at 3,085.10 points.
Gap (NYSE:) slumped 9.8% in premarket trade after news that its CEO Art Peck is leaving. The company also issued guidance for the full year late on Thursday that was 15% below consensus forecasts.
Elsewhere, Planet Fitness (NYSE:) rose 8.6% after it raised its outlook for the year, while Dropbox (NASDAQ:) was up 2.5% after its earnings came in better than expected.
On the data front, numbers and is released at 10:00 AM ET.
In commodities, fell 0.2% to $1,463.95 a troy ounce, while the , which measures the greenback against a basket of six major currencies, was up 0.2% to three-week high of 98.150. declined 1.7% to $56.16 a barrel.
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