The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
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* Stocks set to open higher for third straight session
* Trump says potentially open to interim trade deal with China
* August retail sales rise 0.4% vs forecast of 0.2%
* Futures: Dow up 0.24%, S&P 500 up 0.13%, Nasdaq down 0.06% (Adds comments, updates market movement)
Sept 13 (Reuters) - U.S. stocks were set to open higher for the third straight day on Friday on growing optimism around trade talks between the United States and China as well as stronger-than-expected domestic retail sales.
The S&P 500 closed on Thursday within striking distance of a record high hit in July, as trade concessions from Beijing and Washington helped stocks recover from a sluggish start to the week.
If early indications hold, markets are set for their third straight week of gains, having already recouped losses from August when escalating trade tensions and the inversion of a key part of the U.S. yield curve drove investors toward perceived safe-haven assets.
U.S. President Donald Trump calmed markets on Thursday after saying he was potentially open to an interim trade deal with China, although he preferred a comprehensive agreement.
On Friday, China's official Xinhua News Agency said the country would exempt some U.S. pork and soybeans from additional tariffs on U.S. goods.
"If you are hoping for a trade deal, the comments that President Trump made are probably the best you could expect right now," said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.
However, Pavlik added that a trade deal - interim or otherwise - was not likely to be signed before the 2020 presidential election.
The trade conflict has taken a toll on U.S. manufacturing and tempered global growth, with the International Monetary Fund forecasting that the tit-for-tat tariffs between the United States and China could reduce global GDP in 2020 by 0.8%.
Investors are now expecting the U.S. Federal Reserve to cut rates at its policy meeting next week for a decision on interest rate cuts, especially after the European Central Bank announced a sweeping stimulus drive on Thursday to prop up the euro zone economy.
Commerce Department data showed that retail sales rose 0.4% in August, lifted by spending on cars, building materials, healthcare and hobbies. Economists polled by Reuters had forecast an increase of 0.2%.
At 9:04 a.m. ET, Dow e-minis were up 64 points, or 0.24%. S&P 500 e-minis were up 4 points, or 0.13% and Nasdaq 100 e-minis were down 5 points, or 0.06%.
After crossing the trillion dollar valuation mark on Wednesday, Apple Inc was set to end the week on a sour note after Goldman Sachs cut its price target on the stock.
Broadcom Inc slipped 1.1% after the company said demand for microchips had bottomed out, adding that a recovery was not yet on the cards. (Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta and Saumyadeb Chakrabarty)