Futures tick higher on hopes of U.S.-China trade talks

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(Reuters) – U.S. stock index futures edged higher on Friday amid optimism that the United States and China would start new trade talks and as technology stocks rose.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 7, 2018. REUTERS/Brendan McDermid

Beijing on Thursday welcomed an invitation from Washington for a fresh round of talks. But the timing of the proposed talks remains unclear, with President Donald Trump saying that the United States was under no pressure to make a deal.

Investors have cheered the efforts to defuse trade tensions, sending stocks higher. The Dow Jones Industrial Average ended Thursday 1.8 percent below its all-time high, hit on Jan. 26.

Shares of Apple, which led the market on Thursday, were up 0.3 percent in premarket trading. The iPhone maker has said a “wide range” of its products could be hit by tariffs.

Other heavyweight stocks such as Microsoft, Alphabet, Facebook and Amazon.com were up between…



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