Home / Business / Futures trading is usually lower when sales continue

Futures trading is usually lower when sales continue

US stock futures are traded mixed towards the last trading day of the week.

Dow futures suggest a decline of 0.1%.

Another image of technology companies helped lower shares on Wall Street on Thursday, extending losses from the day before.


Markets will pay close attention to the University of Michigan Preliminary Index of Consumer Sentiment for September. It is expected to increase almost one point to 75 from the August last reading of 74.1

. The conference board will also be out with its leading financial index for August. Look for an increase of 1.3% from month to month, slightly following July by 1.4%.

Asian equities were mostly higher on Friday, although some investors’ attention shifted again to the uncertainties in the global economies amid the coronavirus pandemic.

On Friday, Japan’s benchmark Nikkei rose 0.2%, Hong Kong’s Hang Seng rose 0.5% and China’s Shanghai Composite rose 2.1%.

In Europe, London’s FTSE decreased by 0.3%, Germany’s DAX decreased by 0.1% and France’s CAC decreased by 0.4%.

Ticker security Last Change Change %
Me: DJI DOW JONES AVERAGE 27901.98 -130.40 -0.47%
SP500 S&P 500 3357.01 -28.48 -0.84%
I: COMP NASDAQ COMPOSITE INDEX 10910.27678 -140.19 -1.27%

While Wall Street took more losses on Thursday, sales declined towards the end of the day. The S&P 500 fell 28.48 points to 3,357.01. The Dow Jones Industrial Average lost 130.40 points, or 0.5%, to 27,901.98. It had dropped 384 points.

The Nasdaq composite, which weighs heavily with technology stock, slipped 140.19 points, or 1.3%, to 10,910.28.

The sale came a day after the Federal Reserve said it would keep interest rates at near zero for several years to support a buzzing economy. The statement could not encourage Wall Street and the S&P 500 recorded its first loss in four days on Wednesday.

The number of U.S. workers applying for unemployment benefits has declined slowly, but is still historically high. Such signs of a weaker recovery and a potential second wave of the virus weigh investors.

Another possibility for the downward turnaround that the US market has taken in the last two days is the declining odds that Congress will provide more support to the economy at any time soon after benefits for unemployed workers and other stimulus expired recently. Investors say such support is crucial to the recovery.

Click here to read more about Fox Business

In terms of energy trading, US crude oil rose 6 cents to $ 41.03 a barrel. Brent crude, the international standard, added 11 cents to $ 43.41 a barrel.

The Associated Press contributed to this article.

Source link