Stocks – U.S. Futures Flat as Washington, Beijing Said to Make Trade Progress

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© Reuters. © Reuters. – U.S. futures were flat on Tuesday after reports that the U.S. and China made progress towards their “phase one” trade deal, in a shortened holiday week.

The Chinese Ministry of Commerce said in a statement that the two had “reached consensus on properly resolving relevant issues” during a phone call Tuesday morning Beijing time, but did not provide any further details.

Trading is expected to be thin this week due to the Thanksgiving holiday on Thursday.

The inched up 4 points or 0.1% by 6:40 AM ET (11:40 GMT), while was flat at 28,051.50 points and were at 3,133.38 points.

Uber (NYSE:) inched up 0.4% as the ride-sharing company said it would challenge London’s decision to not renew its license. Kraft Heinz (NASDAQ:) inched up 0.5%, while cloud-computing firm Nutanix (NASDAQ:) jumped 20% after its fiscal first-quarter beat estimates.

Palo Alto Networks (NYSE:) fell 7.7% after it announced its eighth acquisition in two years, with the merger of Aporteto for $150 million in cash.

On the data front, and come out at 8:30 AM ET, while and figures for November will follow at 10:00 AM ET.

In commodities, inched up 0.1% to $1,464.55 a troy ounce, while the , which measures the greenback against a basket of six major currencies, was flat at 98.245. gained 0.2% to $58.12 a barrel.

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