Investing.com-- U.S. stock index futures fell slightly on Sunday evening amid some caution ahead of renewed trade talks between Washington and Beijing, while key inflation data due later in the week also spurred caution.
Risk appetite was rattled by signs of steadily increasing civil unrest in Los Angeles, after the national guard was deployed over the weekend to quell widespread protests against President Donald Trump’s immigration policies.
Focus will also be on Apple Inc’s (NASDAQ: AAPL ) annual Worldwide Developers Conference on Monday, which is expected to help outline the iPhone maker’s strategy for the coming months as it grapples with a protracted decline in its share price.
Futures retreated after a positive Friday session on Wall Street, as slightly stronger-than-expected payrolls data helped spur some optimism over the U.S. economy. Wall Street was seen coming close to record highs last week.
S&P 500 Futures fell 0.1% to 5,998.75 points, while Nasdaq 100 Futures fell 0.2% to 21,748.50 points by 19:17 ET (23:17 GMT). Dow Jones Futures fell 0.1% to 42,772.0 points.
US-China trade talks to be held in London on Monday
Top White House officials are set to meet their Chinese counterparts on Monday to reach an agreement and resolve a bitter trade dispute between the world’s biggest economies.
U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet with top-level Chinese officials, Trump said last week.
China’s foreign ministry confirmed over the weekend that vice premier and top trade negotiator He Lifeng will be in the UK this week, and that trade talks with Washington will take place.
The talks come after Trump spoke to Chinese President Xi Jinping last week, amid signs of renewed trade tensions between the world’s biggest economies. U.S. officials had admitted earlier that trade talks with China had stalled, especially as Beijing and Washington clashed over key chipmaking and rare earth export restrictions.
Wall St near record highs, inflation data awaited
Wall Street indexes rose on Friday following stronger-than-expected nonfarm payrolls data, which helped restore some faith in the U.S. economy amid increasing trade and policy uncertainty.
A rebound in Tesla (NASDAQ: TSLA ) also aided sentiment, after the stock was battered by a bitter, public feud between CEO Elon Musk and President Trump.
Focus this week will be squarely on key consumer price index inflation data for more cues on the world’s biggest economy. The print is due on Wednesday and is expected to show inflation picking up slightly in May amid higher electricity prices and trade tariffs.
Investors are looking to more U.S. economic readings to gauge the impact of Trump’s policies on growth, especially given some sporadic moves on trade tariffs.
The S&P 500 rose 1% to 6,000.36 points on Friday-- its highest level since February. The NASDAQ Composite rose 1.2% to 19,529.95 points, while the Dow Jones Industrial Average rose 1.1% to 42,762.87 points.