U.S. Stock Futures Trade Cautiously After Disappointing Data
Stock Futures Trading in a Tight Range
U.S. stock futures were trading cautiously during Thursday’s evening deals, following a negative performance among benchmark averages. Fresh data has soured risk appetites among traders, who are now bracing themselves for major financial earnings later in the session.
Futures Trading Within a Narrow Margin
As of 6:45pm ET (10:45pm GMT), Dow Jones and S&P 500 futures were trading within a range of 0.1%, indicating a cautious sentiment in the market.
Key Economic Indicators to Watch
Market participants will be closely monitoring key economic indicators on Friday, including the Consumer Price Index (CPI) and Producer Price Index (PPI). Additionally, preliminary Michigan consumer sentiment and business surveys will be released, along with a speech from a prominent figure.
Upcoming Earnings Reports
Several major companies are expected to release their earnings reports, including UnitedHealth Group Incorporated (NYSE:), JPMorgan Chase & Co (NYSE:), Wells Fargo & Company (NYSE:), BlackRock Inc (NYSE:), Citigroup Inc (NYSE:), PNC Financial Services Group Inc (NYSE:), and Progressive Corp (NYSE:).
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Thursday’s Market Performance
During Thursday’s regular session, the Dow Jones lost 173.7 points or 0.5% to 33,631.2, the S&P 500 dipped 27.3 points or 0.6% to 4,349.6, and the Nasdaq dipped 85.5 points or 0.6% to 13,574.2.
Bond Market Update
On the bond markets, current rates were recorded at 4.697%.
