Muted Open Ahead for Major Indexes Amid Earnings and Trade Talks

Stock futures are pointing to a muted open for major indexes this morning, steady after three days of declines. Investors are assessing earnings reports from retailers, including Target and TJX Companies. Despite better-than-expected results from these companies, their shares slipped 1% and 4% premarket respectively.

The US and Canada have made progress in trade talks, with President Trump delaying the rollout of new 50% tariffs on some Canadian imports by three days. The tariffs were initially set to start at midnight. SK Hynix shares are gaining after the chipmaker announced a nearly $30 billion stock buyback plan.

The minutes from last month's Federal Open Market Committee meeting are set to be released this afternoon, potentially giving investors new insights into how Fed policymakers view the state of the US economy and the outlook for interest rates. The 10-year Treasury yield, which affects interest rates on consumer loans, ticked lower to 4.69%.