China agreed to hold another round of trade negotiations in Washington, D.C., towards the beginning of next month, and consultations will be made in mid-September in preparation for the meeting.

Dow futures rose 160 points, indicating a positive open and the data front, investors are likely to closely monitor a flurry of economic reports on Thursday. The ADP National Employment Report for August, with the latest weekly jobless claims and second quarter productivity and unit labor costs set to be released slightly later in the session.

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