Hopes of a possible trade deal and interest rate cut by the Federal Reserve have helped the benchmark S&P 500 hit record high earlier this week
U.S. stock index futures fell on Thursday as uncertainty around a potential trade deal between the United States and China overshadowed strong earnings reports from Apple and Facebook.
Chinese officials have doubts about whether it is possible to reach a comprehensive long-term trade deal with Washington and U.S. President Donald Trump, Bloomberg reported earlier in the day, citing unnamed sources.
Hopes of a possible trade deal and interest rate cut by the Federal Reserve have helped the benchmark S&P 500 hit record high earlier this week.
The U.S. central bank lowered borrowing costs for the third time this year on Wednesday to help sustain domestic growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the worse.
Another bright spot has been the third-quarter earnings season, which has been largely better than expected so far.
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