Reasons To Hire A Reliable Translation Company
U.S. stock index futures were lower on Friday as a drop in oil prices weighed on the "Trump rally", with investors also seeking details regarding President Donald Trump's plans to boost the economy. Continue Reading Below Oil prices fell after...

Equity Futures Drop Along With Oil Prices

U.S. stock index futures were lower on Friday as a drop in oil prices weighed on the "Trump rally", with investors also seeking details regarding President Donald Trump's plans to boost the economy. Continue Reading Below Oil prices fell after...

Equity Futures Drop Along With Oil Prices

U.S. stock index futures were lower on Friday as a drop in oil prices weighed on the "Trump rally", with investors also seeking details regarding President Donald Trump's plans to boost the economy.

Continue Reading Below

Oil prices fell after U.S. crude inventories rose for a seventh week, showing the market is still struggling to ease oversupply.

Gain in crude prices helped U.S. stocks edge higher on Thursday as did a renewed pledge by Trump to bring back jobs to the United States.

Trump's promises of tax reforms, a reduction in regulation and increased infrastructure spending, has helped spur equities to record highs. The S&P 500 is up more than 10 percent since the election. The Dow notched a record high for a tenth straight session on Thursday, its longest such streak since 1987.

But, with little clarity on Trump's proposals, those gains have come with the markets trading in a tight range. The benchmark S&P 500 index has not register a move of at least one percent in either direction since Dec. 7.

U.S. Treasury Secretary Steven Mnuchin also tempered investor enthusiasm on Thursday when he said any policy steps would probably have only a limited impact this year.

Continue Reading Below

Investor will likely get more clarity on Trump's plan on Tuesday, when he addresses a joint session of Congress.

Data due on Friday includes a report from the U.S. Commerce Department that is likely to show new single-family home sales rebounded in January.

Separately, a report from the University of Michigan is seen showing that the final consumer sentiment index held at 96.0 in February, compared with a preliminary reading of 95.7. Both reports are expected at 10 a.m. ET (1500 GMT).

Shares of Hewlett Packard Enterprise  fell 6.73 percent to $23 in premarket trading after the company cut its full-year profit forecast.

J.C. Penney rose 1.9 percent to $6.99 after the department store operator said it would close about 130-140 stores over the next few months.

Baidu was down about 1.75 percent at $181.40 as the internet search giant's revenue fell for a second straight quarter.

 

Futures snapshot at 7:10 a.m. EDT:

Dow e-minis  were down 77 points, or 0.37 percent, with 22,163 contracts changing hands.

S&P 500 e-minis  were down 9.75 points, or 0.41 percent, with 124,774 contracts traded.

Nasdaq 100 e-minis were down 27.25 points, or 0.51 percent, on volume of 24,413 contracts.

 

(Reporting by Tanya Agrawal; Editing by Savio D'Souza)

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 24 Şubat 2017 Cuma 08:13

Breaking News Headlines

Youtube Fight Rivals Turn Professional for Rematch in Los Angeles
Youtube Fight Rivals Turn Professional for Rematch in Los Angeles
Two or more glasses of soda a day increases the risk of any type of death
Two or more glasses of soda a day increases the risk of any type of death
Archaeologists found in the Atlantis Russian a contraption similar to a iphone some 2,100 years
Archaeologists found in the Atlantis Russian a contraption similar to a iphone some 2,100 years
The doors open to get to know the 4 puppies in the Center of the wolf de Sanabria
The doors open to get to know the 4 puppies in the Center of the wolf de Sanabria
The King will receive this Thursday to the president of the Congress in the Palace of the Zarzuela
The King will receive this Thursday to the president of the Congress in the Palace of the Zarzuela
Factors to consider when planning to set up a company in Hungary
Factors to consider when planning to set up a company in Hungary
How to Figure Out Your Retail Business’s Finances
How to Figure Out Your Retail Business’s Finances
Advantages of Electronic Signatures
Advantages of Electronic Signatures
5 Reasons Why Online Casinos Are Adopting Cryptocurrencies
5 Reasons Why Online Casinos Are Adopting Cryptocurrencies
Can You Buy Salvage Cars From Insurance Companies?
Can You Buy Salvage Cars From Insurance Companies?
Bold predictions for the new NFL season
Bold predictions for the new NFL season
A Few Easy Methods to Foster Employee Loyalty for Your Start-up
A Few Easy Methods to Foster Employee Loyalty for Your Start-up
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES