Stock Futures Fall After Bessent Dents U.S.-China Trade Hopes

Stock futures were pointing to losses on Thursday, with investors still trying to make sense of the U.S.-China trade war after Treasury Secretary Scott Bessent signaled that Washington and Beijing were yet to start negotiations on tariffs. S&P 500 futures were down 0.3%, and contracts tied to the tech-heavy Nasdaq 100 dropped 0.4%. The three blue-chip indexes soared Wednesday after President Donald Trump said he had no plans to fire Federal Reserve Chief Jerome Powell, although Bessent’s comments on China led to equities giving up some of their gains.

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