U.S. Stock Futures Point To Flat Open

Thursday,   09-Aug-2018   04:06 PM (IST)

U.S. stock futures pointed to a muted open, as investors focused on the latest batch of corporate earnings, while continuing to monitor global trade and geopolitical tensions.The blue-chip Dow futures were up just 4 points, or less than 0.1%. The S&P 500 futures and tech-heavy Nasdaq 100 futures also indicated a flat start to their respective trading sessions.Stocks closed mixed on Wednesday, but the Nasdaq managed to notch its longest winning streak since March, as shares of Amazon rose to a record-high.Elsewhere, in Europe, the region's major bourses were mostly lower in mid-morning trade, with almost every sector in the red. Germany's DAX was the worst performer, slipping 0.6%.Earlier, in Asia, stocks in the region closed mostly higher, as a rally in Chinese stocks helped offset the latest escalation in the Sino-U.S. trade war.Shanghai blue chips climbed 2.7% amid talk of possible government support for home-grown technology companies, just the latest in a series of growth boosting measures rolled out by Beijing as the trade dispute worsens.