U.S. stock market poised to pull back as Wall Street watches China trade talks

U.S. stock indexes on Monday were staged for a subdued opening after a powerful rally Friday, as investors hoped for further signs of thaw in a protracted trade dispute between the U.S. and China—a tit-for-tat clash that has helped to weaken investor sentiment.

How are major indexes performing?

Futures for the Dow Jones Industrial Average YMH9, +0.11% were off by 10 points, or less than 0.1%, at 23,383, those for the S&P 500 index ESH9, -0.02% retreated 4.05 points, or 0.2%, at 2,527.25, while those for the Nasdaq-100 NQH9, -0.14% fell 20 point to 6,414, a decline of 0.3%.

On Friday, the Dow DJIA, +3.29% rose 746.94 points, or 3.3%, to 23,433.16, while the S&P 500 index SPX, +3.43% advanced 84.05 points, or 3.4%, to 2,531.94. The Nasdaq Composite Index COMP, +4.26% advanced 275.35 points, or 4.3%, to 6,738.86.

Friday’s performance saved markets from what had been the worst start to a year for the Dow and S&P 500 since 2000, according to Dow Jones Market Data.

The Dow is up 0.5% on the year, the S&P 500 1%, while the Nasdaq has advanced 1.6% over the first three trading days of 2019.

What’s driving the market?

Senior officials from China unexpectedly attended negotiations between Beijing and their counterparts in Washington, in an effort to resolve longstanding trade disagreements that have underpinned uncertainty in global markets.

According to Bloomberg, Chinese Vice Premier Liu He, a top economic adviser to Chinese President Xi Jinping, was among attendees, some optimism has been drawn from the a top level official attended rather than lower-ranking officials.

The trade meetings come after U.S. markets shot higher after Friday’s jobs report showed that the U.S. economy added 312,000 new jobs in December, well above expectations for a gain of 182,000, according to a MarketWatch poll of

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