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* Futures up: Dow 0.45%, S&P 0.47%, Nasdaq 0.56%
By Arjun Panchadar
Nov 4 (Reuters) - U.S. stock index futures rose on Monday,
buoyed by hopes of a U.S.-China trade deal and an improving
domestic economy that led the S&P 500 and Nasdaq to record highs
last week.
Washington and Beijing said on Friday they had made progress
in defusing an economically damaging trade war, with U.S.
officials indicating that a deal could be signed this month.
Adding to the optimism, Commerce Secretary Wilbur Ross said
on Sunday licenses for U.S. companies to sell components to
China's Huawei Technologies Co would come "very shortly".
Trade sensitive chipmakers including Intel Corp INTC.O ,
Micron Tech MU.O , Qualcomm Inc QCOM.O and Nvidia Corp
NVDA.O rose between 0.8% and 1.4% in premarket trading.
U.S.-listed Chinese stocks such as online games and media
provider NetEase Inc NTES.O , internet search provider Baidu
Inc BIDU.O and e-commerce firm JD.Com JD.O were also up
about 1%.
The S&P 500 and Dow Jones indexes ended Friday with their
best week in nearly two months after data showed U.S. jobs
growth slowed less than expected in October, easing concerns
about the fallout of the trade war on domestic economy.
Fresh data on Monday is expected to show U.S. factory orders
falling 0.5% in September compared to a 0.1% drop in August.
At 7:29 a.m. ET, Dow e-minis 1YMcv1 were up 124 points, or
0.45%. S&P 500 e-minis EScv1 were up 14.25 points, or 0.47%
and Nasdaq 100 e-minis NQcv1 were up 46 points, or 0.56%.
Under Armour Inc UAA.N fell 11.6% as it lowered its
full-year revenue forecast for a second straight time, a day
after it confirmed a federal investigation on its accounting
practices. McDonald's Corp MCD.N fell 2% after the fast-food giant
dismissed Chief Executive Steve Easterbrook over a recent
consensual relationship with an employee, which the board
determined violated company policy. U.S.-listed shares of Tesla rival Nio Inc NIO.N rose 7% as
it reported a 25% jump in vehicle deliveries in October. With
nearly 363,000 shares traded before the bell, it was among the
most actively-traded U.S. stocks.