US stock futures dipped as Wall Street readied for President Trump and Chinese President Xi Jingping to hold a call following a record-breaking day on Wall Street.
Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all slid 0.1%.
Trump on Thursday set high expectations for his conversation with Xi, which is set to take place at 9:00 a.m. ET Friday. The president described a TikTok deal as all but completed and emphasized he is hopeful the two countries can negotiate over trade.
“On a much bigger scale, we're pretty close to a deal,” Trump said about talks with China.
The president tempered expectations of a conclusive trade agreement, though, when he said the US may end up extending the tariff truce currently in place between the two countries, adding that he thinks the pause has “pretty good terms.”
Read more: The latest on Trump's tariffs
In day trading on Thursday, stocks hit fresh records, buoyed by Nvidia's (NVDA) $5 billion investment in Intel (INTC) and the start of interest rate cuts this year.
LIVE 1 update
