Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
American futures head south notwithstanding upbeat September
On Friday, Wall Street futures pointed to a low start with mixed signs, although US equities were on track for monthly revenues in what has turned to be the least volatile September ever.
The blue-chip Dow futures soared 0.06%, the S&P 500 futures sank 0.05%, and the tech-heavy Nasdaq 100 futures leapt 0.14%.
Notwithstanding the signal from futures for Friday’s weak start, Wall Street was on track for some sturdy monthly revenues on the last trading day of September.
On Thursday, the Dow had soared approximately 2% this month. The S&P 500 gained 1.6%, the Nasdaq boasted a 0.4% gain for the month.
For Friday’s trading session, market participants are going to focus on personal income as well as spending data, not to mention the core PCE deflator, which is the Fed’s preferred inflation indicator.
American crude futures were intact sticking to $51.56, while Brent crude futures sank 0.23% trading at $57.03.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.