Initial trends on the U.S. Futures Index suggest that Wall Street might open broadly down on Thursday. In the Asian trading session, the dollar retreated, gold held steady while oil prices were lower.
Investor sentiments are highly influenced by President Trump’s quick decisions and policy announcements.
Asian shares finished broadly lower, while European shares mostly up.
As of 7.35 am ET, the Dow futures were up 74.00 points, the S&P 500 futures were down 6.00 points and the Nasdaq 100 futures were falling 98.75 points.
On Wednesday, the U.S. major averages all closed on a strong note. The Dow closed up 130.92 points or 0.3 percent, at 44,156.73. The S&P 500 gained 37.13 points or 0.61 percent, settling at 6,086.37, while the Nasdaq climbed 252.56 points or 1.28 percent, to 20,009.34.
On the economic front, the Jobless Claims for the week will be issued at 8.30 am ET. The consensus is for an increase of 218K, while it was up 217K in the prior week.
The Energy Information Administration or EIA’s Natural Gas Report for the week is scheduled at 10.30 am ET. In the prior week, the gas stock was down 258 bcf. EIA’s Petroleum Status Report for the week will be released at 12.00 am ET. In the prior week, the crude oil inventoires were down 2.0 million barrels and the gasoline inventories were up 5.9 million barrels.
Ten-year Treasury Inflation-Protected Securities or TIPS auction will be held at 1.00 pm ET.
The Fed Balance Sheet for the week will be revealed at 4.30 pm ET. In the prior week, the Level was at $6.854 trillion.
Asian stocks turned in a mixed performance on Thursday. China’s Shanghai Composite index rose 0.51 percent to 3,230.16. Hong Kong’s Hang Seng index ended 0.40 percent lower at 19,700.56.
Japanese markets rose notably. The Nikkei average jumped 0.79 percent to 39,958.87 while the broader Topix index settled 0.53 percent higher at 2,751.74.
Australian markets were down. The benchmark S&P/ASX 200 dipped 0.61 percent to 8,378.70 while the broader All Ordinaries index closed down 0.59 percent at 8,629.10.
European shares are trading mostly higher. CAC 40 of France is gaining 32.60 points or 0.42 percent. DAX of Germany is adding 60.80 points or 0.29 percent. FTSE 100 of England is progressing 5.99 points or 0.07 percent. The Swiss Market Index is up 14.98 points or 0.12 percent.
Euro Stoxx 50, that provides a Blue-chip representation of supersector leaders in the Eurozone, is down 0.049 percent.
Business News
Wall Street Poised To Open Broadly Lower
2025-01-23 13:05:39
