[BRIEFING.COM] S&P futures vs fair value: +8.60. Nasdaq futures vs fair value: +32.60.
Wall Street is on course for a higher start with the S&P 500 futures trading nine points, or 0.3%, above fair value. The S&P 500 has finished higher in six of the last seven weeks.
Trade talks between the U.S. and China have resumed today in Beijing in hopes of making progress before the March 1 deadline. Lower-level officials will lead the early talks followed by USTR Robert Lighthizer and Treasury Secretary Steven Mnuchin Thursday and Friday.
Separately, there has been some talk of an M&A deal within the health care space. NuVasive (NUVA 57.74, +8.19) has spiked 16.5% in pre-market hours after the Financial Times reported that the company is in talks to be acquired by Smith & Nephew (SNN 38.15, -2.04, -5.1%) for over $3 billion.
U.S. Treasuries have edged lower, pushing yields higher across the curve. The 2-yr yield is up two basis points to 2.48%, and the 10-yr yield is up three basis points to 2.66%. The U.S. Dollar Index is up 0.2% to 96.82. WTI crude is down 1.3% to $52.04/bbl.