Reports on manufacturing activities and construction spending may focus on Friday before a long weekend.
Early signs of the US Futures Index suggest that Wall Street may open reasonably low.
Asian stocks fell while European stocks were trading on negative notes.
At 7:45 am ET, Dow futures fell 138.00 points, S & P 500 futures fell 18.50 points and Nasdaq 100 futures fell 220 points.
The US key average ended low on Thursday. The Dow Jones Industrial Average closed at 30,775.43, 253.88 points (0.8%). The Nasdaq fell 149.16 points (1.3%) to 11,028.74 and the S & P 500 fell 33.45 points (0.9%) to 3,785.38.
Economically, the Purchasing Manager’s Manufacturing Index or PMI will be issued at 9:45 am ET.
The Institute for Supply Management or the June ISM Manufacturing Index will be released at 10 am EST. The consensus was 55.0, but rose 56.1 in May.
The Department of Commerce’s construction costs for May are scheduled for 10 am ET. Consensus was up 0.5%, up 0.2% last month.
Baker Hughes’ North American rig count for this week will be revealed at 1:00 pm ET. Last week, the number of rigs in North America was 907 and the number of rigs in the United States was 753.
Asian stocks fell sharply on Friday. China’s Shanghai Composite Index closed at 3,387.64, down 0.32%.
The Hong Kong market was closed due to a holiday.
Japanese stocks ended on Friday at a low of nearly two weeks. The Nikkei average fell 1.73% to 25,935.62. The broader Tokyo Stock Price Index fell 1.38% to close at 1,845.04.
Australian person market It ended a little low. The benchmark S & P / ASX 200 fell 0.43% to 6,539.90. The wider All Ordinaries index closed 0.39 percent lower at 6,720.40.
European stocks are declining. Among the major indexes in the region, France’s CAC 40 index has fallen 0.87 points (0.01%). Germany’s DAX is down 11.77 points or 0.09 percent, and the UK’s FTSE 100 index is down 14.70 points or 0.21 percent.
The Swiss market index is down 54.47 points or 0.50 percent.
The Eurostocks 50 Index, which summarizes the 50 best stocks in the euro area, has fallen by 0.32%.
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Wall Street may open reasonably low
Source link Wall Street may open reasonably low