Stocks could turn down in early Monday trading, adding to the small losses posted in the previous session. Major index futures are currently market, The Dow futures are down 55 points.
Prolonged concerns about the Federal Reserve curtailing its asset purchases may weigh heavily on Wall Street, as reports of disappointing work last Friday are unlikely to discourage central bank tapering. Maybe.
Concerns about the outlook for inflation can also create selling pressure amid soaring oil prices.
However, trading activity may be somewhat curtailed, as some traders may be away from their desks due to Columbus Day, also known as Indigenous Day.
The stock market will be open, but banks, government offices and bond markets will be closed due to holidays.
Following three consecutive wins, stocks showed a lack of direction during the trading session on Friday. The main average spent most of the session bouncing back and forth on unchanged lines.
The key average ended the day in the negative territory, below what the Nasdaq corresponds. The Nasdaq fell 74.49 points (0.5%) to 14,579.54, while the Dow fell 8.69 points (less than a tenth percent) to 34,746.25 and the S & P 500 fell 8.42 points (0.2%) to 4,391.34. became.
Although the price fell and closed on the day, all major averages turned up that week. The Dow rose 1.2%, the S & P 500 rose 0.8% and the Nasdaq rose 0.1%.
In overseas trading, the stock market in the Asia-Pacific region fluctuated in the trading on Monday. Japan’s Nikkei 225 Index rose 1.6% and Australia’s S & P / ASX 200 Index fell 0.3%.
On this day, the major European markets were also mixed. The UK’s FTSE 100 index is up 0.2%, while the French CAC 40 index is down 0.3% and the German DAX index is down 0.6%.
Commodity trading jumped from $ 2.21 to $ 81.56 after crude oil futures jumped from $ 1.05 to $ 79.35 per barrel last Friday. Meanwhile, gold futures have fallen from $ 1.10 to $ 1,756.30 per ounce after falling from $ 1.80 to $ 1,757.40 per ounce in the previous session.
On the currency side, the US dollar is trading at 113.20 yen, compared to 112.24 yen at the end of the New York trading on Friday. The dollar is trading at $ 1.1564 against the euro, compared to $ 1.1569 last Friday.
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U.S. stocks could turn down in early trading
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