U.S. stock futures hint at rebound as investors watch trade headlines

[nitpicker]

https://www.marketwatch.com/story/us-stock-futures-hint-at-rebound-as-investors-watch-trade-headlines-2019-05-21?mod=newsviewer_click

U.S. stock futures hint at rebound as investors watch trade headlines

Published: May 21, 2019 3:40 a.m. ET

Reuters

U.S. stock futures pointed higher for Tuesday, as cautiously optimistic investors appeared set to shake off losses linked to trade tensions that kicked off the week.

How are major benchmarks faring?

Dow Jones Industrial Average futures YMM19, +0.13% rose 45 points, or 0.2%, to 25,742, while S&P 500 futures ESM19, +0.21% gained 6.6 points, or 0.3%, to 2,850.50. Nasdaq-100 NQM19, +0.29% gained 23 points, or 0.3%, to 7,415.

On Monday, the Dow Jones Industrial Average DJIA, -0.33%fell 84.10 points, or 0.3%, to 25,679.90, the S&P 500 index SPX, -0.67%declined 0.7% to 2,840.23, while the Nasdaq Composite Index COMP, -1.46%dropped 1.5% to 7,702.38.

What’s driving the market?

Some calm appeared to be returning to markets, after Monday’s technology-led losses. Shares of chip makers bore the brunt of declines after technology companies in the U.S. and elsewhere said they have started to comply with the White House’s ban on China’s Huawei Technologies Inc.

U.S. officials said late Monday they would offer some temporary exceptions to an export blacklist against Huawei Technologies Co., which will offer some suppliers and customers of China’s telecom giant a 90-day reprieve from tough trade penalties.

However, the rhetoric didn’t let up on Tuesday as the chief executive of Huawei, Ren Zhengfei, fired back against the blacklist for his company, saying the U.S. government is underestimating how powerful his company will be in the 5G space in a few years. He also said the company has been stockpiling chips, therefore is well prepared for that ban.
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[nitpicker]

1. Link to DW

https://www.dw.com/en/us-issues-huawei-a-temporary-reprieve/a-48811051