U.S. equities are trading flat to lower
U.S. equities are trading flat to lower despite a bounce in Asia after more conciliatory rhetoric from the Chinese on trade and some pro-business measures, which could precede a slight shift in its hardline negotiating stance. Housing starts surged and the current account gap narrowed, though neither left a lasting mark on stocks in pre-open trade. The Dow is 18-points lower, S&P sank 4-points and NASDAQ is off 6-points ahead of the bell. This followed healthy gains in Asia after Japan and Sino-related stocks mostly rallied over 1%, while Europe is a little more mixed with the Euro Stoxx 50 0.14% lower and the German DAX 0.14% higher. Tech remains in focus after Apple's tariff reprieve yesterday, while trade impacted CAT and Boeing are sideways. Juniper Networks rallied over 2% after a Nomura upgrade. The WSJ noted a shift to the safety of high-dividend stocks behind the latest gains into the record books.