Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

A Peek Into The Markets: US Stock Futures Down Ahead Of Economic Data

Courtesy of Benzinga.

A Peek Into The Markets: US Stock Futures Down Ahead Of Economic Data

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. The FHFA house price index for March is schedule for release at 9:00 a.m. ET, while existing home sales report for April will be released at 10:00 a.m. ET. Atlanta Fed President Raphael Bostic will speak at 10:35 a.m. ET, while Philadelphia Federal Reserve Bank President Patrick Harker is set to speak at 2:00 p.m. ET.

Futures for the Dow Jones Industrial Average tumbled 30 points to 24,829.00, while the Standard & Poor’s 500 index futures fell 2.25 points to 2,728.25. Futures for the Nasdaq 100 index declined 1.75 points to 6,957.25.

Oil prices traded lower as Brent crude futures fell 1.32 percent to trade at $78.75 per barrel, while US WTI crude futures dropped 1.18 percent to trade at $70.99 a barrel. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index rising 0.36 percent, STOXX Europe 600 Index gaining 0.16 percent and German DAX 30 index dropping 0.21 percent. The UK’s FTSE index was trading lower by 0.26 percent, while French CAC 40 Index rose 0.29 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 1.11 percent, Hong Kong’s Hang Seng Index rose 0.31 percent, China’s Shanghai Composite Index dipped 0.45 percent and India’s BSE Sensex climbed 0.93 percent.

Broker Recommendation

Analysts at UBS upgraded Deere & Company (NYSE: DE) from Neutral to Buy.

Deere shares rose 1.39 percent to $158.75 in pre-market trading.

Breaking news

  • Best Buy Co., Inc. (NYSE: BBY) reported better-than-expected earnings for its first quarter.
  • Sanderson Farms, Inc. (NASDAQ: SAFM) reported weaker-than-expected results for its second quarter.
  • Medtronic plc (NYSE: MDT) reported upbeat earnings for its fourth quarter on Thursday.
  • Williams-Sonoma, Inc. (NYSE: WSM) reported stronger-than-expected results for its first quarter. The company also raised its FY18 earnings and sales guidance.

Posted-In: A Peek Into The Markets U.S. stock futuresNews Eurozone Futures Global Pre-Market Outlook Markets


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!