India, June 27 -- Stocks are likely to move to the upside in early trading on Friday, with the S&P 500 and the Nasdaq poised to reach new record highs. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent.
Optimism about new trade deals may contribute to early buying interest after President Donald Trump indicated the U.S. has signed an agreement with China.
A White House official later clarified that the U.S. and China have agreed to "an additional understanding of a framework to implement the Geneva agreement."
A spokesperson for China's Ministry of Commerce subsequently said the two sides have "confirmed the details of the framework."
The spokesperson said Washing...