Ok

@deal2deal
U.S. stock futures were flat Thursday night after the S&P 500 snapped a four-day losing streak. Dow Jones Industrial Average futures fell by 22 points, or 0.07%. S&P 500 and Nasdaq 100 futures dipped 0.03% and 0.11%, respectively. Boeing shares slipped more than 2% in extended trading after the company temporarily halted delivery of its 787 Dreamliners over a fuselage issue. During Thursday's session, the S&P 500 advanced 0.53%. Meanwhile, the Dow Jones Industrial Average gained 108.82 points, or 0.33%, while the Nasdaq Composite rose 0.72%. Even so, the major averages are headed for a losing week. The S&P 500 is down 1.64% through Thursday, and is set for its worst week since Dec. 16. The Dow is down nearly 1.99% this week, and headed for its fourth straight losing week. The Nasdaq is 1.67% lower, and on pace for its second negative week in three. Investors continue to worry about the pace of future interest rate hikes in the face of contradictory economic signals. While inflation remains persistently high, the U.S. consumer has continued to show strength. Investors are anticipating the January data on personal income and consumer spending will have further insight into the U.S. consumer; both figures are due out Friday before the bell. Personal income is expected to have risen 1.2% last month, according to Dow Jones consensus estimates. That's up from an increase of 0.2% the prior month. Consumer spending is forecasted to rise 1.4% in January, up from a decline of 0.2% the prior month. The personal consumption expenditures price index, also due Friday morning, is the Fed's preferred measurement of inflation. Traders are also expecting new home sales data at 10 a.m. ET. Economists polled by the Dow Jones are anticipating new home sales to have risen 0.6% in January. That's a smaller increase from the 2.3% rise the prior month. @Daily_Discussion
U.S. stock futures were flat Thursday night after the S&P 500 snapped a four-day losing streak. Dow Jones Industrial Average futures fell by 22 points, or 0.07%. S&P 500 and Nasdaq 100 futures dipped 0.03% and 0.11%, respectively. Boeing shares slipped more than 2% in extended trading after the company temporarily halted delivery of its 787 Dreamliners over a fuselage issue. During Thursday's session, the S&P 500 advanced 0.53%. Meanwhile, the Dow Jones Industrial Average gained 108.82 points, or 0.33%, while the Nasdaq Composite rose 0.72%. Even so, the major averages are headed for a losing week. The S&P 500 is down 1.64% through Thursday, and is set for its worst week since Dec. 16. The Dow is down nearly 1.99% this week, and headed for its fourth straight losing week. The Nasdaq is 1.67% lower, and on pace for its second negative week in three. Investors continue to worry about the pace of future interest rate hikes in the face of contradictory economic signals. While inflation remains persistently high, the U.S. consumer has continued to show strength. Investors are anticipating the January data on personal income and consumer spending will have further insight into the U.S. consumer; both figures are due out Friday before the bell. Personal income is expected to have risen 1.2% last month, according to Dow Jones consensus estimates. That's up from an increase of 0.2% the prior month. Consumer spending is forecasted to rise 1.4% in January, up from a decline of 0.2% the prior month. The personal consumption expenditures price index, also due Friday morning, is the Fed's preferred measurement of inflation. Traders are also expecting new home sales data at 10 a.m. ET. Economists polled by the Dow Jones are anticipating new home sales to have risen 0.6% in January. That's a smaller increase from the 2.3% rise the prior month. @Daily_Discussion

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet