Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)
* Futures up: Dow 0.70%, S&P 0.83%, Nasdaq 1.11%
May 14 (Reuters) - U.S. stock index futures indicated gains at the open on Tuesday, as optimistic comments from Washington and Beijing took the edge off market concerns about a further escalation in trade war.
The prospects of global economy being derailed by the United States and China sliding into a fiercer, more protracted dispute had rattled investors on Monday after China announced plans to hit back with tariffs on U.S. goods.
Wall Street witnessed one of its worst selloffs in the previous session. The S&P 500 and the Dow recorded their largest percentage drop since Jan.3 and the tech-heavy Nasdaq logged its worst day as investors scoured for safety in low-risk assets.
However, on Tuesday, the Chinese government said both sides have agreed to keep talking about their trade dispute, helping inject some calm into markets, with European markets and U.S. futures back in the positive.
U.S. President Donald Trump said on Monday he would talk to Chinese President Xi Jinping at G20 Summit in late June.
At 7:27 a.m. ET, Dow e-minis were up 178 points, or 0.7%. S&P 500 e-minis were up 23.25 points, or 0.83% and Nasdaq 100 e-minis were up 81 points, or 1.11%.
The recent run of losses has knocked off nearly 5% off the S&P 500 since hitting an all-time high on May 1.
Apple Inc shares, among the worst hit on Monday, gained 1.2% in premarket trading along with a host of chipmakers including Micron Technology Inc, Nvidia Corp and Advanced Micro Devices.
Coca-Cola Co's shares rose 1% after Morgan Stanley upgraded the stock to "overweight", saying higher growth has not been priced into the stock's valuation.
Take-Two Interactive Software Inc fell 1% after the gaming company forecast first-quarter sales below analysts' expectations as it faces intense competition from free-to-play "battle royale" games "Fortnite" and "PUBG".
Deere & Co fell 1.2% after JP Morgan downgraded shares of the tractor maker to "underweight" from "neutral".
In economic data, a Labor Department report due at 8:30 a.m. ET is likely to show a 0.7% rise in import prices in April, after having risen 0.6% in March.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)