U.S. Market Futures Lower with Investors Cautious Ahead of Inflation Data

U.S. stock futures are pointing lower in pre-market trading for Friday, September 16. The Dow Futures are at 18080.0 for a loss of -35.00 points. The S&P 500 Futures are at 2133.0 for a loss of -5.00 points. The Nasdaq Futures are at 4805.5 for a loss of -8.25 points. The Russell Futures are at 1217.9 for a loss of -3.80 points.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is at 16519.29 for a gain of 114.28 or 0.70 percent. Hong Kong’s Hang Seng Index is at 23335.59 for a gain of 144.95 or 0.63 percent. China’s Shanghai Composite is at 3002.85 for a loss of -20.66 points or -0.68 percent. India’s S&P BSE Sensex is at 28627.70 for a gain of 214.81 or 0.76 percent. In Europe, the FTSE 100 is at 6735.75 for a gain of 5.45 points or 0.08 percent. Germany’s DAX is at 10393.45 for a loss of -37.75 points or -0.36 percent. France’s CAC 40 is at 4355.24 for a loss of -17.98 points or -0.41 percent. The Stoxx Europe 600 is at 339.85 for a loss of -0.49 points or -0.14 percent.

Friday’s Factors and Events

On the economic calendar for Friday are the following leading reports: the Consumer Price Index, Consumer Sentiment and the Baker-Hughes Rig Count.

The following stocks are trading actively in the pre-market:

CenturyLink

Monsanto

Frontier Communications

Kansas City Southern

Hess Corp

Owens-Illinois Inc

Marathon Petroleum

Valero Energy Corp

Skyworks Solutions

Nordstrom Inc

The U.S. stock futures are trading lower after slightly disappointing data reports on the economy were released yesterday. Oil prices, the consumer and inflation data will be the leading broad market factors to watch on Friday.

Stocks on watch for Friday include Deutsche Bank and Apple. Deutsche Bank may have to pay $14 billion for structuring overly risky mortgage products in 2005 to 2007. Apple’s stock has been steadily gaining since it began orders for its iPhone 7 last Friday. The smartphone manufacturer will release the phone in retail stores today.

Thursday’s Activity

Stocks gained on Thursday. For the day the Dow Jones Industrial Average closed at 18212.48 for a gain of 177.71 points or 0.99 percent. The S&P 500 was also higher, closing at 2147.26 for a gain of 21.49 points or 1.01 percent. The Nasdaq Composite closed higher at 5249.69 for a gain of 75.92 points or 1.47 percent.

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Source: DJIA, S&P 500 and Nasdaq Composite. Google Finance. 

Other notable index closes included the small-cap Russell 2000 Index higher at 1227.02 for a gain of 15.43 points or 1.27 percent; the S&P 600 Small-Cap Index higher at 741.61 for a gain of 9.33 points or 1.27 percent; the S&P 400 Mid-Cap Index at 1528.69 for a gain of 15.91 points or 1.05 percent; the S&P 100 Index at 952.60 for a gain of 9.31 points or 0.99 percent; the Russell 3000 Index at 1270.40 for a gain of 12.90 points or 1.03 percent; the Russell 1000 Index at 1189.82 for a gain of 11.85 points or 1.01 percent; and the Dow Jones U.S. Select Dividend Index at 605.78 for a gain of 4.94 points or 0.82 percent.