Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

US STOCKS-Futures muted after Wall Street's worst day in about two weeks

Published 09/23/2019, 07:36 PM
Updated 09/23/2019, 07:40 PM
US STOCKS-Futures muted after Wall Street's worst day in about two weeks
AAPL
-
MU
-
EMBR3
-

(For a live blog on the U.S. stock market, click LIVE/ or
type LIVE/ in a news window.)
* Futures: Dow off 0.04%, S&P flat, Nasdaq up 0.19%

By Medha Singh
Sept 23 (Reuters) - U.S. stock index futures treaded water
on Monday, as investors remained cautious about progress in
U.S.-China trade talks and waited for a slew of economic reports
to gauge the health of the domestic economy.
The indexes recorded their worst session in about two weeks
on Friday - ending a three-week run of gains - after a Chinese
agriculture delegation canceled a visit to Montana, dampening
optimism about the trade talks. Stock markets had been buoyed earlier in the week by the
Federal Reserve's decision to cut interest rates for the second
time in 2019, joining other central banks around the world in
easing monetary policy.
After the U.S. central bank's fairly upbeat assessment of
the domestic economy, investors will monitor a host of economic
data in the final week of the quarter, including core personal
consumption data - the Fed's preferred inflation measure - and
growth figures for the second quarter.
Data from IHS Markit on Monday is expected to show U.S.
manufacturing Purchasing Managers' Index (PMI) holding steady at
50.3 in September, while services PMI is forecast to rise to
51.5 from 50.7.
The report, due at 9:45 a.m. ET, follows disappointing
business surveys from across the euro zone.
Also on the radar is a speech by Federal Reserve Bank of New
York President John Williams at the 2019 U.S. Treasury Market
Conference at 9:50 a.m. ET (1350 GMT).
At 7:15 a.m. ET, Dow e-minis 1YMcv1 were down 12 points,
or 0.04%. S&P 500 e-minis EScv1 were up 1.75 points, or 0.06%
and Nasdaq 100 e-minis NQcv1 were up 15.25 points, or 0.19%.
Apple AAPL.O edged 0.3% higher in premarket trading after
U.S. trade regulators approved 10 out of 15 requests for tariff
exemptions filed by the iPhone maker amid a broader reprieve on
levies on computer parts. Apple supplier Micron MU.O , which manufactures computer
memory drives, rose nearly 0.5%.
Boeing .BA.N dropped 0.7% after a Reuters report that
European antitrust regulators were set to investigate the plane
maker's $4.75 billion bid for the commercial aircraft arm of
Brazil-based Embraer SA EMBR3.SA . Additionally, the chief of the U.S. Federal Aviation
Administration is set to detail progress on the Boeing 737 MAX
aircraft to international air regulators, who are divided about
returning the grounded jet to flight after two fatal crashes.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.