US Stocks Futures Point to a Yet Another Weak Start

US Stocks Futures Point to a Yet Another Weak Start

29 April 2016, 15:27
Roberto Jacobs
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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.


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