A Peek Into The Markets: US Stock Futures Edge Lower; All Eyes On Fed Decision

Pre-open movers

U.S. stock futures traded slightly lower in early pre-market trade. Data on housing starts and permits for August will be released at 8:30 a.m. ET. The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET, while the Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.

Futures for the Dow Jones Industrial Average dropped 26 points to 27,084 while the Standard & Poor’s 500 index futures fell 3.65 points to 3,004.25. Futures for the Nasdaq 100 index declined 10.5 points to 7,904.00.

Oil prices traded lower as Brent crude futures fell 0.4% to trade at $64.32 per barrel, while US WTI crude futures fell 0.8% to trade at $58.89 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.

 

A Peek Into Global Markets


European markets were higher today, with the Spanish Ibex Index rising 0.3%, STOXX Europe 600 Index rising 0.1% and German DAX 30 index gaining 0.1%. The UK's FTSE index was trading higher by 0.1%, while French CAC 40 Index rose 0.2%.

In Asian markets, Japan’s Nikkei Stock Average fell 0.18%, Hong Kong’s Hang Seng Index fell 0.13%, China’s Shanghai Composite Index gained 0.25% and India’s BSE Sensex rose 0.23%.


Broker Recommendation

Analysts at DZ Bank downgraded AT&T Inc. AT&T T from Buy to Hold and announced $38 price target.

AT&T shares fell 0.4% to $37.02 in pre-market trading.


Breaking News

  • Hexindai Inc. HX reported Q1 adjusted loss of $0.14 per share on sales of $4.9 million.
  • Translate Bio, Inc. TBIO priced its 9 million share offering of public offering of common stock at $10 per share.
  • FedEx Corporation FDX reported weaker-than-expected results for its second quarter and cut FY20 sales guidance.
  • Adobe Inc ADBE reported better-than-expected earnings for its third quarter, but issued weak fourth-quarter guidance.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsEurozoneFuturesGlobalPre-Market OutlookMarketsA Peek Into The MarketsInformation TechnologyIT Consulting & Other ServicesUS Stock Futures
Benzinga simplifies 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!