MANU - Futures Scale Back on Trade Pessimism
U.S. stock index futures gave back most of their gains on Monday after various media reported Chinese officials are pessimistic about the prospect of a U.S.-China trade deal.
Futures for the Dow Jones Industrials sank four points early Monday to 27,949.
Futures for the S&P 500 dipped 3.75 points, or 0.1%, at 3,114.50.
The NASDAQ Composite fell 9.75 points, or 0.1%, to 8,309.
Manchester United and Bilibili are among the firms reporting earnings Monday.
Over the past month, the Dow and S&P 500 are both up more than 4%. The NASDAQ, meanwhile, is up 5.6% in that time through Friday's close. The Dow also closed above 28,000 for the first time on Friday.
On the data front, there will be business leaders survey figures out at 8:30 a.m. ET, the National Association of Home Builders survey is due at 10 a.m.
China is troubled by President Donald Trump saying recently the U.S. would not roll back tariffs as they thought both sides had agreed to do so in principle
Overseas, in Japan, the Nikkei 225 sprang up 0.5% Monday, while in Hong Kong, the Hang Seng Index popped 1.4%.
Oil prices stepped back 53 cents to $57.19 U.S. a barrel.
Gold prices fell $2.60 to $1,465.90 U.S. an ounce.