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* Futures up: Dow 0.25%, S&P 0.22%, Nasdaq 0.31%
By Arjun Panchadar
Nov 25 (Reuters) - U.S. stock index futures rose on Monday
as expectations of a trade truce were strengthened by a report
that the world's two largest economies were "very close" to a
deal, while jeweler Tiffany surged after agreeing to a sale.
Beijing and Washington were nearing a "phase one" trade
deal, a Chinese state-backed tabloid said, lifting the mood
further after a U.S. national security adviser said on Saturday
that a pact was still possible by the end of the year.
Trade-sensitive chip stocks, including Advanced Micro
Devices Inc AMD.O , Micron Technology Inc MU.O and Applied
Materials Inc AMAT.O , rose between 0.7% and 1% in premarket
trading.
Last week the benchmark S&P 500 .SPX snapped a six-week
winning streak and the tech-heavy Nasdaq .IXIC registered its
first weekly drop in eight weeks amid conflicting reports over
the trade truce.
Trade deal hopes and robust third-quarter corporate earnings
had helped Wall Street's main indexes hit record highs this
month.
At 7:12 a.m. ET, Dow e-minis 1YMcv1 were up 69 points, or
0.25%. S&P 500 e-minis EScv1 were up 6.75 points, or 0.22% and
Nasdaq 100 e-minis NQcv1 were up 26 points, or 0.31%.
Shares of Tesla Inc TSLA.O rose 5% premarket after Chief
Executive Elon Musk indicated in a tweet on Sunday that the
carmaker received 200,000 orders for its electric pickup truck
within three days of launch. Tiffany & Co TIF.N gained 5.8% after the luxury jeweler
agreed to a sweetened $16.2 billion deal with France's LVMH
LVMH.PA . U.S. discount brokerage TD Ameritrade Holding Corp AMTD.O
was up 2% after larger rival Charles Schwab Corp SCHW.N said
it would buy the company in an all-stock deal valued at about
$26 billion. Schwab was down about 1%.
Uber Technologies Inc UBER.N fell 4.2% as the ride-hailing
company was stripped of its London operating license for the
second time in just over two years. Netflix Inc NFLX.O slipped 0.8% after Wells Fargo
downgraded the shares of the streaming service to "underperform"
from "market perform".