Skip to main content

Market Overview

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

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

Pre-open movers

U.S. stock futures traded mixed in early pre-market trade. The Consumer Price Index for November 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 20 points to 27,901 while the Standard & Poor’s 500 index futures traded rose 1.75 points to 3,137.75. Futures for the Nasdaq 100 index gained 13.25 points to 8,377.00.

Oil prices traded lower as Brent crude futures fell 0.8% to trade at $63.82 per barrel, while US WTI crude futures fell 0.6% to trade at $58.87 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 mixed today, with the Spanish Ibex Index rising 0.4%, STOXX Europe 600 Index declining 0.1% and German DAX 30 index gaining 0.3%. The UK's FTSE index was trading lower by 0.2%, while French CAC 40 Index fell 0.1%.

In Asian markets, Japan’s Nikkei Stock Average fell 0.08%, Hong Kong’s Hang Seng Index gained 0.79%, China’s Shanghai Composite Index rose 0.24% and India’s BSE Sensex rose 0.43%.

Broker Recommendation

Analysts at BMO Capital downgraded United Parcel Service, Inc. (NYSE: UPS) from Outperform to Market Perform and lowered the price target from $125 to $123.

United Parcel Service shares fell 0.8% to $117.60 in pre-market trading.

Breaking News

  • Childrens Place Inc (NASDAQ: PLCE) reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued Q4 guidance below analyst estimates.
  • Ollie's Bargain Outlet Holdings Inc (NASDAQ: OLLI) reported better-than-expected Q3 EPS and sales results.
  • United Natural Foods Inc (NYSE: UNFI) reported downbeat Q1 earnings, while sales exceeded views.
  • GameStop Corp. (NYSE: GME) reported weaker-than-expected results for its third quarter. The company also cut 2019 adjusted earnings guidance from $1.15-$1.30 to $0.10-$0.20.

Related Articles (GME + OLLI)

View Comments and Join the Discussion!

Posted-In: A Peek Into The MarketsEarnings News Eurozone Futures Global Pre-Market Outlook Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at