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The Breakfast Briefing: Dow Futures Point To A Lower Open Ahead Of Earnings, Fed Speeches
FYI: U.S. stock index futures were slightly lower Thursday morning, as investors turned their focus to a slew of corporate earnings reports.
At around 2:25 a.m. ET, Dow futures slipped 50 points, indicating a negative open of more than 62 points. Futures of the S&P and Nasdaq were also seen relatively downbeat.
Market focus is largely attuned to global trade developments, with officials from the world's two largest economies poised to meet for a fresh round of talks next week.
U.S. Treasury Secretary Steven Mnuchin said on Wednesday trade representatives from Washington and Beijing would both aim to reach a deal next week. The talks come with less than three weeks to go before a March 2 deadline could see an increase in U.S. tariffs on Chinese products.
The S&P 500 snapped a 5-day winning streak on Wednesday despite a mixed set of earnings. Overall, stocks fell during Wednesday's session. There was a strong focus on the tech sector given their latest earnings reports. Regards, Ted
