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Market Watch: U.S. Stock Futures Hold Steady Amid Trade Talks

U.S. stock index futures remained subdued on Friday following a strong rally in the previous session. Investors are closely monitoring upcoming trade discussions between U.S. and Chinese representatives in Switzerland, which could shape market sentiment heading into next week. The recent rally was fueled by a new trade agreement between the United States and Britain, sparking optimism that similar deals could ease global trade tensions. However, analysts caution that the limited scope of the agreement raises questions about its broader impact. Meanwhile, Federal Reserve Chair Jerome Powell acknowledged heightened risks of inflation and unemployment, leaving markets in a wait-and-watch mode. At 5:36 a.m. ET, Dow E-minis were down 48 points (0.12%), while S&P 500 E-minis and Nasdaq 100 E-minis showed slight gains. Investors will also be keeping an eye on corporate earnings, with notable movements in stocks such as Trade Desk, Pinterest, and Expedia in premarket trading. The outcome o...
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Trump Confirms Haley and Pompeo Will Not Join Second Administration

President-elect Donald Trump has announced that former U.N. Ambassador Nikki Haley and former Secretary of State Mike Pompeo will not be part of his administration in its second term. Trump expressed his appreciation for their past service but confirmed that they would not hold key positions in his upcoming administration.

Haley, who served as South Carolina's governor before becoming the U.S. ambassador to the United Nations under Trump, has been a significant figure in the Republican Party. Despite once criticizing Trump during their 2016 primaries clash, she later endorsed him for his second bid for the presidency. Pompeo, who served as the CIA Director and later Secretary of State during Trump's first term, was another figure many speculated might return in a senior role.

Trump's decision marks a shift in the dynamics within the GOP, as he prepares to form his team for the next four years. The absence of Haley and Pompeo in his second-term cabinet signals a move towards new leadership and fresh faces in his administration.

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