Investing.com – U.S. futures were higher on Tuesday, as trade tensions eased on news that China’s trade negotiator could head to Washington to prepare for talks between the two countries at the G20 summit later this month.
The S&P 500 futures rose 17 points or 0.62% to 2,744.50 as of 6:52 AM ET (11:52 GMT) while Dow futures were up 135 points, or 0.53%, to 25,516.0. Meanwhile tech heavy Nasdaq 100 futures increased 61 points, or 0.%, to 6,896.25.
The South China Morning Post reported that Chinese Vice Premier Liu He could visit Washington as part of the preparations for the talks between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit in Argentina.
The U.S. has imposed tariffs of more than $250 billion on Chinese imports, which China has retaliated against, as the two have failed to come up with a trade agreement.
Home Depot (NYSE:HD) was among the top gainers in premarket trading, rising 2.27% after the company’s earnings came in higher than expected. Apple (NASDAQ:AAPL) rallied 0.22% while Snap (NYSE:SNAP) gained 5.11% after news that its vice president of content is leaving the company.
General Electric (NYSE:GE) increased 0.75% while Microsoft (NASDAQ:MSFT) was up 0.43% and Tesla (NASDAQ:TSLA) rose 0.90%.
Elsewhere Perrigo Co (NYSE:PRGO) fell 0.98%, while Procter & Gamble Company (NYSE:PG) dipped 0.20% and Halliburton (NYSE:HAL) traded down 0.47%.
On the central banking front, Minneapolis Fed President Neel Kashkari speaks at 10:00 AM ET (15:00 GMT), while Fed Governor Lael Brainard is speaking at the Philadelphia Fed’s fintech conference, along with Philly Fed President Patrick Harker. San Francisco Fed President Mary Daly is due to speak later in the day.
In commodities, gold futures fell 0.24% to $1,198.40 a troy ounce while crude oil futures decreased 2.10% to $58.67 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.08% to 97.30.