Market Snapshot: Stocks close weaker as market focus shifts to Trump-Xi summit

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All eyes are on a planned weekend meeting between U.S. President Donald Trump and China President Xi Jinping.

U.S. stock-index futures pointed to a lower start for major benchmarks on Thursday, one day after Federal Reserve Chairman Powell’s dovishly interpreted speech sparked a market rally, the likes of which have not been seen since March, and as investors turn their focus to other macro headwinds, like a rising dollar, slumping oil prices and slowing global growth.

How are the benchmarks trading?

Futures for the Dow Jones Industrial Average YMZ8, -0.19% were down 33 points, or 0.1% to 25,313, while those for the S&P 500 ESZ8, -0.32% were falling 8 points, or 0.3% to 2,733.

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