US Stocks Futures Point to a Yet Another Weak Start
Tracking weakness across Asian and European stock markets, major US
stock indices futures are pointing to a lower opening on Friday.
Dow
Jones Industrial Average (DJIA) futures fell 70 points to 17,780, while
S&P 500 futures eased 9 points to 2,071. Nasdaq-100 futures slipped
24 points to 4,368. Even blockbuster earnings reported by Amazon failed
to boost investor sentiment. Friday's downbeat opening on Wall Street
would be followed by a turbulent Thursday, when DJIA fell more than 200
points.
European stocks slide in tandem with Asian markets
Broad-base
selling across global stock markets in the wake of BoJ's inaction on
Thursday extended on Friday with most Asian equity indices ending in red
for second day running. Hong-Kong’s HangSeng Index was hit the hardest,
recording a loss of over 1.5% on Friday. European stock markets are
also trading lower with a cut of around 1%.
US economic data to watch
The
Chicago PMI data for the month of April, followed by University of
Michigan consumer sentiment index for April are slated for release
during early US trading session.