REUTERS: Wall Street's main indexes were set to retreat at the open on Monday as comments by President Donald Trump dampened expectations around a U.S.-China trade deal, while escalating violence in Hong Kong added to investor worries.
Trade-sensitive stocks Caterpillar Inc , Advanced Micro Devices Inc , Micron Technology Inc and Intel Corp shed about 1per cent each in premarket trading. U.S.-listed Chinese stocks also fell. "You have China involved in two major variables now, which seems to be causing some nervousness," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville."During times like these, the markets are going to be volatile and erratic, especially after coming off all time highs."
Attention will now shift to economic data, as well as comments from Federal Reserve Chair Jerome Powell later this week.
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