Investing.com – U.S. futures pointed to a flat opening bell on Tuesday as investors wait for news on trade between the U.S. and its major trading partners.
The S&P 500 futures fell a quarter of a point or 0.01% to 2,901.75 as of 6:50 AM ET (10:50 GMT) while Dow futures dipped 41 points, or 0.16%, to 25,977.0. Meanwhile tech heavy Nasdaq 100 futures increased over 1 point, or 0.02%, to 7,663.0.
Markets were closed in the U.S. on Monday for the Labor Day holiday weekend.
The White House on Friday gave Congress a 90-day notice that a revised NAFTA deal with Mexico would go forward, despite no agreement being made with Canada. Trade negotiations with Canada are expected to continue on Wednesday.
Other world leaders are following closely to see how U.S. President Donald Trump will negotiate disputed trade tariffs with Europe.
Medical marijuana companies were among the top gainers in pre-market trading, with Tilray Inc (NASDAQ:TLRY) surging 2.76% and Canopy Growth Corp (NYSE:CGC) rising 2.60%. Advanced Micro Devices Inc (NASDAQ:AMD) increased 1.87% while Apple (NASDAQ:AAPL) inched up 0.21%.
Elsewhere Chinese e-commerce firm Jd.Com Inc Adr (NASDAQ:JD) fell 2.56% while Tesla (NASDAQ:TSLA) dipped 1.43% after Electrek reported that the luxury car maker missed its production goal of 6,000 Model 3 units per week but was still on track to reach its third quarter goal.
In economic news, manufacturing activity comes out at 9:45 AM ET (13:45 GMT) followed by ISM data at 10:00 AM ET (14:00 GMT).
In Europe stocks were down. Germany’s DAX fell 98 points or 0.80% while in France the CAC 40 was down 59 points or 1.10% and in London the FTSE 100 decreased 15 points or 0.21%. Meanwhile the pan-European Euro Stoxx 50 dipped 29 points or 0.87% while Spain’s IBEX 35 lost 12 points or 0.13%.
In commodities, gold futures fell 0.51% to $1,200.50 a troy ounce while crude oil futures increased 1.68% to $70.97 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, surged 0.48% to 95.53.