U.S. Stock Index futures were higher on Tuesday, with market participants cautiously optimistic Washington and Beijing could be on the verge of a trade deal.
At around 7 a.m. ET, Dow Jones Industrial Average futures indicated a gain of 200 points at the open. Futures on the S & P and Nasdaq 100 were also relatively upbeat.
Shares of tech giants like Facebook, Amazon, Netflix and Google-parent Alphabet all rose before the bell. Apple’s stock also traded 0.5 percent higher.
On Monday, the Dow closed almost 100 points higher, extending a recent recovery on Wall Street. The S&P and Nasdaq also advanced around 1 percent in the previous session.
In a bid to ease market concerns of slowing growth in the world’s largest economy on Friday, Powell said the U.S. central bank would be “patient” and flexible with monetary policy decisions this year.