U.S. futures are pointing to a solid open Thursday, August 15, as markets attempt to recover from an 800 point selloff of the Dow on Wednesday, August 14, as investors got spooked an inverted Treasury yield curve.
Whether markets hang on to their early gains remains to be seen however, after China's Finance Ministry said that it would take "necessary action" to counter the U.S. latest trade threats.
Shares of Walmart were rising sharply after the company beat analysts' top- and bottom-line estimates while also raising full year earnings guidance.
The company reported its 20th consecutive quarter of U.S. growth, though it did say it had to slightly raise prices due to its exposure in China.
Meanwhile, rival Amazon got a boost after Warren Buffett's Berkshire Hathaway announced that it increased its stake in the e-retailer by 11% in the second quarter.
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