Futures Point To A Lower Open On Wall Street As Investors Await Data
By Alexandra Gibbs
CNBC
September 8, 2017
U.S. stock index futures pointed to a lower open on Friday, as investors took note of the weaker trading seen overseas, while awaiting more data releases.
When it comes to data, wholesale trade is set to come out at 10.00 a.m. ET, followed by consumer credit at 3.00 p.m. ET. Meanwhile in earnings, Kroger is set to report before the bell.
In central bank news, Philadelphia Federal Reserve President Patrick Harker is expected to deliver remarks at the "New Perspectives on Consumer Behavior in Credit and Payments Markets" Conference in Philadelphia.
In commodities, oil prices have been closely watched in recent trading sessions as investors show signs of concern when it comes to the possible chaos that Hurricane Irma could inflict on the U.S. and its businesses.
At 5:45 a.m. ET, oil prices fluctuated with U.S. crude trading at $48.87 per barrel, while Brent hovered at $54.67.
In the U.S., investors will be watching closely for any updates out of the White House, in light of the recent political news that has rocked markets as of late, including escalating tensions with North Korea and talk of a short-term extension of the debt ceiling and government funding plan, in light of the chaos Hurricane Harvey inflicted on the country.
Overseas, European stocks were trading under pressure during early market trade, while markets in Asia closed on a mostly negative note.
CNBC
September 8, 2017
U.S. stock index futures pointed to a lower open on Friday, as investors took note of the weaker trading seen overseas, while awaiting more data releases.
When it comes to data, wholesale trade is set to come out at 10.00 a.m. ET, followed by consumer credit at 3.00 p.m. ET. Meanwhile in earnings, Kroger is set to report before the bell.
In central bank news, Philadelphia Federal Reserve President Patrick Harker is expected to deliver remarks at the "New Perspectives on Consumer Behavior in Credit and Payments Markets" Conference in Philadelphia.
In commodities, oil prices have been closely watched in recent trading sessions as investors show signs of concern when it comes to the possible chaos that Hurricane Irma could inflict on the U.S. and its businesses.
At 5:45 a.m. ET, oil prices fluctuated with U.S. crude trading at $48.87 per barrel, while Brent hovered at $54.67.
In the U.S., investors will be watching closely for any updates out of the White House, in light of the recent political news that has rocked markets as of late, including escalating tensions with North Korea and talk of a short-term extension of the debt ceiling and government funding plan, in light of the chaos Hurricane Harvey inflicted on the country.
Overseas, European stocks were trading under pressure during early market trade, while markets in Asia closed on a mostly negative note.
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