A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of Fed Minutes

Pre-open movers

U.S. stock futures traded slightly lower in early pre-market trade. Data on existing home sales for January will be released at 10:00 a.m. ET. Federal Reserve Gov. Jerome Powell is set to speak at the Forecaster's Club of New York at 1:00 p.m. ET, while the Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.

Futures for the Dow Jones Industrial Average dropped 12 points to 20,676.00, while the Standard & Poor’s 500 index futures fell 3.75 points to 2,356.25. Futures for the Nasdaq 100 index slipped 4.25 points to 5,339.50.

Oil prices traded lower as Brent crude futures declined 0.46 percent to trade at $56.40 per barrel, while US WTI crude futures fell 0.52 percent to trade at $54.05 a barrel.


A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.62 percent, STOXX Europe 600 Index declining 0.10 percent and German DAX 30 index gaining 0.07 percent. The UK's FTSE index was trading higher by 0.06 percent, while French CAC 40 Index fell 0.07 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.01 percent, Hong Kong’s Hang Seng Index climbed 0.99 percent, China’s Shanghai Composite Index climbed 0.24 percent and India’s BSE Sensex rose 0.36 percent.


Broker Recommendation

Analysts at Bank of America downgraded United Parcel Service, Inc. UPS from Buy to Neutral.

UPS shares fell 1.60 percent to $106.00 in pre-market trading.


Breaking news


  • DISH Network Corp DISH reported better-than-expected earnings for its fourth quarter.


  • Garmin Ltd. GRMN reported upbeat results for its fourth quarter on Wednesday.


  • Toll Brothers Inc TOL posted stronger-than-expected results for its first quarter on Wednesday.


  • First Solar, Inc. FSLR reported better-than-expected results for its fourth quarter and raised its FY17 revenue forecast.


Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsEurozoneFuturesGlobalPre-Market OutlookMarketsA Peek Into The MarketsBank of AmericaU.S. stock futures
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...