The concerns of a Government shutdown might continue to reflect on investor sentiments on Friday. The Personal Income and Spending in the month of November might get attention.
Early trends on the U.S. Futures Index suggest that Wall Street might open lower.
As of 7.55 am ET, the Dow futures were down 213.00 points, the S&P 500 futures were declining 50.00 points and the Nasdaq 100 futures were sliding 290.50 points.
The U.S. major averages finished mostly down. The Dow still managed to snap its ten-day losing streak, inching up 15.37 points or less than a tenth of a percent to 42,342.24, while the Nasdaq slipped 19.92 points or 0.1 percent to 19,372.77 and the S&P 500 edged down 5.08 points or 0.1 percent at 5,867.08.
On the economic front, the Personal Income and Outlays for November will be issued at 8.30 am ET. The consensus is for an increase of 0.4 percent, while it was up 0.6 percent in the prior month.
The Personal Consumption Expenditures is expected to increase by 0.5 percent, while it was up 0.4 percent in November.
The Consumer Sentiment for December will be revealed at 10.00 am ET. The consensus is for an increase of 74.0, while it was up 74.0 in the prior month.
The Baker Hughes Rig Count for the week will be published at 1.00 pm ET. In the prior week, the North America rig count was 780 and the U.S. rig count was 589
Asian stocks turned in a mixed performance on Friday. China’s Shanghai Composite fluctuated before finishing marginally lower at 3,368.07. Hong Kong’s Hang Seng index ended 0.16 percent lower at 19,720.70.
Japanese markets ended modestly lower. The Nikkei average dipped 0.29 percent to 38,701.90 while the broader Topix index settled 0.44 percent lower at 2,701.99.
Australian markets fell sharply. The benchmark S&P/ASX 200 dropped 1.24 percent to 8,067 while the broader All Ordinaries index closed 1.17 percent lower at 8,316.70.
Business News
Futures Suggests Wall Street To Open In Negative Zone
2024-12-20 13:16:37
