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Dow Futures Gain 135 Points Because China Hopes Spring Eternal -- Barrons.com

DOW JONES & COMPANY, INC. 7:04 AM ET 1/18/2019

6:50 a.m. The Dow Jones Industrial Average appeared headed for a higher open, buoyed by optimism over a possible trade deal between the U.S. and China.

Dow futures have gained 135 points, or 0.6%, while S&P 500 futures have risen 0.4%, and Nasdaq Composite futures have advanced 0.4%.

A report that the U.S. was considering removing tariffs -- though denied almost immediately denied -- helped spur a market rebound on Thursday after reports of an investigation of Huawei had kept it flat most of the day. That positive sentiment appears to have lasted into Friday, though whether it last or not remains to be seen.

"Talk of easing tensions were helping lift riskier assets," writes Jasper Lawler, head of research at London Capital Group. "It seems almost impossible to sensibly gauge where US -- China relations stand. Yet the market hangs on each headline, highlighting just how sensitive it is to the ongoing trade issue."

Don't expect that to change.

Write to Ben Levisohn at [e-mail]


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