U.S. futures hit by Commerce Secretary Ross’s trade comments

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid

January 24, 2019

(Reuters) – The Dow and S&P futures turned negative on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were “miles and miles” from resolving their trade dispute.

Ross told CNBC that it was too early to judge where U.S.-china trade talks are headed.

At 8:37 a.m. ET, Dow e-minis were down 37 points, or 0.15 percent. S&P 500 e-minis were down 1.25 points, or 0.05 percent and Nasdaq 100 e-minis were up 16.75 points, or 0.25 percent.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)

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