Trade Agreement: Stock Futures and Trump Administration

trade agreement: Stock futures had risen during early trading in the wake of the report, reversing some of Tuesday's steep losses sparked after President Donald Trump suggested a trade agreement could be delayed until at least the 2020 presidential elections, and after Commerce Secretary Wilbur Ross said earlier this week that the Trump administration would move forward with implementing new tariffs in absence of a breakthrough by mid-December, according to Xinhua China. The people cited in Bloomberg's report also downplayed the notion that recent legislation aimed at sanctioning some Chinese officials would hinder progress in a trade deal. Here's where the markets settled at the end of regular equity trading S&P 500 GSPC 0.63%, or 19.56 points Dow DJI 0.53%, or 146.97 points Nasdaq IXIC 0.54%, or 46.03 points10-year Treasury yield TNX 6.2 bps to 1.771%Gold GC F -0.3% to 1,480.00 per ounceU.S. negotiators expect that a phase one deal with China will be completed before more tariffs on Chinese goods are set to take effect December 15, Bloomberg reported Wednesday, citing unnamed people familiar with the matter. The U.S. House of Representatives on Wednesday approved a bill that would sanction Chinese officials for human rights abuses against Uighurs, a Muslim ethnic group in western China, sparking threats of retaliation from Beijing.A spokesperson for China's foreign ministry said China was strongly indignant and firmly opposed to the bill, according to state-run media outlet Xinhua. REUTERS/Lucas Jackson More We urge the U.S. to correct its mistakes at once, prevent this bill from becoming law, and stop using Xinjiang-related issues to interfere in China's internal affairs, the spokesperson said. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 3, 2019. (news.financializer.com). As reported in the news.