US stock futures experienced a slight decline as Wall Street prepared for a highly anticipated call between President Trump and Chinese President Xi Jinping. This comes on the heels of a record-breaking trading day on the market. Futures linked to key indices, including the Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100, all slid by 0.1%.
Ahead of the call scheduled for 9:00 a.m. ET on Friday, President Trump expressed optimism about the negotiations, notably highlighting progress on a potential deal involving TikTok. “On a much bigger scale, we’re pretty close to a deal,” Trump remarked regarding the broader trade discussions between the two nations. However, he tempered this optimism by suggesting that a fully conclusive trade agreement may not be imminent. He indicated that the U.S. might opt to extend the current tariff truce, referring to its terms as “pretty good.”
Concurrent with these developments, the markets reached new heights on Thursday, supported by positive news surrounding Nvidia’s $5 billion investment in Intel, alongside the anticipation of interest rate cuts in the near future.
In a related note, the gold market is facing challenges as demand starts to wane following the Federal Reserve’s recent rate cut. Gold has recorded a decline for three consecutive days, reflecting the shifting dynamics in investment strategies as investors react to the Fed’s monetary policy decisions.
