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* U.S., China planning for delay of Dec tariff - WSJ
* Autozone up after profit beat, peers rise
* Netflix drops after Needham downgrade
* Futures up: Dow 0.08%, S&P 0.09%, Nasdaq 0.18%
(Adds comments, recasts throughout)
By Shreyashi Sanyal and Medha Singh
Dec 10 (Reuters) - Wall Street's main indexes looked set to
rise at the open on Tuesday, after a report that trade
negotiators from the United States and China were planning to
delay a fresh round of tariffs set to kick in on Dec. 15.
U.S. stock index futures turned positive after the Wall
Street Journal report, which also said officials from both sides
hinted at extending trade talks. "It's probably the best the market can expect right now,"
said Robert Pavlik, chief investment strategist and senior
portfolio manager at SlateStone Wealth LLC in New York.
"It allows the U.S. and China to continue to negotiate and
to reach a phase one trade agreement."
The Federal Open Market Committee's two-day policy meeting
kicks off on Tuesday and investors are expecting updates from
the central bank on its 2020 economic outlook.
The Federal Reserve's interest rate cuts earlier this year
and some relief over corporate profits have helped drive the S&P
500 up 25% so far in 2019.
At 8:59 a.m. ET, Dow e-minis 1YMcv1 were up 22 points, or
0.08%. S&P 500 e-minis EScv1 were up 2.75 points, or 0.09% and
Nasdaq 100 e-minis NQcv1 were up 14.75 points, or 0.18%.
Among stocks, Netflix Inc NFLX.O fell 2% in premarket
trading after Needham downgraded the streaming service's shares
to "underperform". Masco Corp MAS.N rose 1.2% after KeyBanc raised its rating
on the home improvement and building product maker's shares to
"overweight".
Shares in Autozone Inc AZO.N jumped 5.7% after the auto
parts retailer beat quarterly estimates for profit. Shares of
peers Advance Auto Parts AAP.N and O'Reilly Automotive
ORLY.O also rose.