Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
The Breakfast Briefing: US Stocks Set To Open Slightly Lower Amid Iran Sanctions, Upcoming Midterms
FYI: .On the data front, services PMI and ISM non-manufacturing figures are due to be released today at 9:45 a.m. ET and 10 a.m. ET respectively.
.Upcoming midterm elections will likely be the main focus for investors this week, with U.S. voters heading to the polls on Tuesday.
A drop in Asian markets led global stocks mostly lower Monday in a busy week set to include U.S. midterm elections and an update from the Federal Reserve.
The Stoxx Europe 600 was down less than 0.1% in morning trading after a bruising session in Hong Kong and Japan, while S&P 500 futures were off 0.2%.
Dimming hopes for a U.S.-China trade agreement, a lackluster reading on the Chinese economy, and a tech-led selloff on Wall Street on Friday interrupted gains late last week, when markets had shown signs of rebounding from an October rout.
A big fall in shares of Apple dragged down U.S. indexes Friday after the company gave disappointing guidance for the holiday quarter. The S&P 500 fell 0.6% for the session but still notched its best week since March. Regards, Ted
