U.S. stock futures point to a higher open after President Donald Trump said in a social media post he planned to announce a trade deal on Thursday.
Trump said he would hold an Oval Office news conference to discuss “a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY.” Trump didn’t name the country but reports say the deal is with the UK.
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The deal is expected to be framework of an agreement with tariff adjustments, according to the WSJ. It would be the first announced by the Trump administration this term.
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At 5:40 a.m., futures linked to the blue-chip Dow added 0.77%, broad S&P 500 futures rose 1.04% and tech-heavy Nasdaq futures jumped 1.41%.
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