Soft Europe Data Weighs on U.S. Futures


(MENAFN- Baystreet.ca)

U.S. stock index futures fell on Thursday, the last trading day of the week, after the release of weak economic data out of Europe as Wall Street awaited the release of more earnings reports.

Futures for the Dow Jones Industrial Average fell 29 points, or 0.1%, to 26,399.

Futures for the S&P 500 dipped 1.5 points, or 0.1%, at 2,899

NASDAQ futures slid six points, or 0.1%, to 7,683.75

On Thursday, Honeywell and BB&T both reported better-than-expected earnings. Travelers also posted a stronger-than-forecast profit.
So far, more than 78% of the S&P 500 companies that have reported have topped analyst expectations.

On the data front, there will be retail sales this morning, as well as weekly jobless claims.

German flash manufacturing Purchasing Managers Indexes rebounded slightly but remained squarely in contraction territory, while manufacturing activity in France hit a four-year low, according to data from IHS Markit.

Overseas, in Japan, the Nikkei 225 dipped 0.8% Thursday, while in Hong Kong, the Hang Seng Index sank 0.5%.

Oil prices gained 31 cents to $64.07 U.S. a barrel.

Gold prices moved up $1.70 to $1,278.50 U.S. an ounce.

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