Market focus is global trade developments, as investors await more details about a preliminary trade agreement between the U.S. and China.

Posted on December 18, 2019

It is understood that Beijing agreed to billions of dollars in agricultural purchases from the U.S., while Trump said he would not move ahead with a new round of planned tariffs, among other items.

The deal, which is not yet signed, is set to be confirmed in the first week of January, according to U.S. Trade Representative Robert Lighthizer.

Corporate earnings In corporate news, General Mills, Paychex and Toro will report earnings before the opening bell.

Micron Technology, ABM Industries and Herman Miller are among some of the companies set to publish their latest quarterly figures after market close.