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Stock Futures Flat: 6 Stocks To Watch As Trade Tar


Stock Futures Flat: 6 Stocks To Watch As Trade Tariffs Near Deadline



Stock futures nibbled away at minor losses in extended trade Thursday, pausing after logging a powerful advance in regular trading, as markets waited to see whether the White House would fire the latest shot in a U.S.-China trade war.To get more stock market news, you can visit shine news official website.
Visteon (VC) leapt in late trade as Standard & Poor's said it would join the MidCap S&P 400 on July 11. PriceSmart (PSMT) tumbled on a quarterly earnings miss. Bitcoin slumped in late trade as Square (SQ) withdrew an FDIC application. And a handful of key stocks — including Qorvo (QRVO), MasterCard (MA) and Advanced Micro Devices (AMD) — were among those in the hot seat on the approach to the midnight deadline for tariffs.

Dow futures traded with a fractional loss. S&P 500 and Nasdaq 100 futures were less than 0.1% below fair value.

Friday is T-Day — T for tariff — in the brewing trade war between the US. and China. The White House has scheduled tariffs to go into effect on $34 billion in China-based U.S. imports just after midnight Thursday. China, which is 12 hours ahead of the U.S., has said it will wait to be sure the U.S. goes through with its plans before launching its response. That means its tariffs targeting $34 billion in U.S.-made goods could take effect anytime after the U.S. decision.Among the Dow's most trade-sensitive stocks, Boeing (BA) edged up less than 0.1% on Thursday. Caterpillar (CAT) added 2%. In after-hours action, 29 of 30 Dow issues were subdued and tightly mixed. The exception was Cisco Systems (CSCO), which was down more than 1%. No immediate news items explained the move. (For updates on this story and other market coverage, check IBD's stock market news today.)

Bitcoin dropped 1.4% across Thursday's session, according to Coinbase, trading at just below $6,500 at 6 p.m. That was almost 3% off the session's high, but still up almost 11% from a June 24 low. The decline may have been tied to payment processor Square. News reports said San Francisco-based Square withdrew its Federal Deposit Insurance Corp. application to become an industrial loan company. Square had become more closely associated with Bitcoin and other cryptocurrencies after its Cash app became popular as a type of de facto bank account for users of cryptocurrencies.

Square slipped 0.2% in late trade after scoring a 3.9% gain in regular trade. The stock is extended, up almost 12% since clearing a cup-with-handle buy point at 57.29 in May.





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