Filed under: Before the bell, International markets, Earnings reports, Bad news, General Electric (GE), Market matters, Applied Materials (AMAT), Economic data, Barclays plc ADS (BCS)
Stocks futures were lower this morning, indicating stocks could continue yesterday’s bearish mood ahead of CPI report today as well as several other key indicators. Meanwhile, investors remain concerned about the credit markets, with General Electric, Barclays and possible UBS the most recent companies to announce losses. A slowdown in the tech sector has also been a concern lately after several companies warned with Applied Materials adding its own warning just yesterday. Rising oil prices, which has caused the late selling in Wednesday’s session, is another concern.
Yesterday, U.S. stocks ended lower as rising crude-oil prices had the bears taking profit in the technology sector. The Dow industrials fell 76 points, or 0.57%, the S&P 500 lost 10 points, or 0.71%, and the Nasdaq Composite dropped 29 points, or 1.1%.
The economic calendar is full today:
- At 8:30 a.m., October CPI and core CPI will be released with expectations standing at 0.3% and 0.2% increases respectively, same as the month before.
- At the same time, weekly initial jobless claims will be reported as well as November NY Empire State Index, which is expected to decline.
- At noon, November Philadelphia Fed index is due and is also expected to show a decline.
Continue reading Before the bell: Futures lower ahead of CPI, after AMAT
Permalink | Email this | Comments
Entries (RSS)