US equity futures contract up slightly amid growing tensions with China

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US stock index futures edged up late Sunday amid growing tensions between the United States and China. Starting at 11:30 p.m. East, Dow Jones Industrial Average futures
YM00,
+ 0.38%,
up 70 points, or 0.3%, while S&P 500 futures
ES00,
+ 0.33%

forward and Nasdaq-100
NQ00,
+ 0.51%

followed in the same way. The US stock markets are closed on Monday for the Memorial Day vacation. Inventories were little changed on Friday but for the week, the Dow
DJIA,
-0.03%

climbed 3.3%, the S&P 500
SPX,
+ 0.23%

3.2% advanced and the Nasdaq Composite
COMP,
+ 0.42%

increased 3.4%. Traders are keeping an eye on the US and other global economies as companies gradually reopen closures related to coronaviruses. But new tensions between the United States and China have increased, a senior White House official said on Sunday that the United States could sanction China if a bill limiting Hong Kong’s autonomy was approved.

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