US futures point to slightly higher open – CNBC

U.S. stock index futures were slightly higher Wednesday morning.

At around 02:20 a.m. ET, Dow futures rose 43 points, indicating a positive open of more than 61 points. Futures on the S&P and Nasdaq were both marginally higher.

Market focus is largely attuned to global trade developments, with high-level negotiators from the U.S. and China poised to meet for a fresh round of talks in Washington, D.C., on Thursday.

The long-running dispute has slowly expanded beyond trade policy, exacerbating fears about further damage to a fragile global economy.

To be sure, U.S. visa restrictions on Chinese officials and the addition of more Chinese companies to a U.S. trade blacklist this week has dampened already slim hopes of a trade truce.

President Donald Trump has said tariffs on Chinese imports will increase on October 15 if no progress is made in bilateral trade negotiations.

The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

On the data front, wholesale trade figures for August and Job Openings and Labor Turnover Survey (JOLTS) data for August will both be released at around 10:00 a.m. ET.