Stock futures are lower to end the week. Can the market muster a gain to end the week, just as they did last week? I cover that and more in this mornings market video.
U.S. stocks were poised for a slightly lower open Tuesday, a day after the Nasdaq Composite rose above 5000 for the first time in nearly 15 years.
Dow Jones Industrial Average futures slipped 27 points, or 0.2%, to 18221. S&P 500 futures fell four points, or 0.2%, to 2109, and Nasdaq-100 futures declined six points, or 0.1%, to 4471.
Here is Tuesdays Morning Market Video -
Covering: $JPM $AAPL $GOOGL $GDX $FCX $GLD $BIDU
Following yet-another go-nowhere session yesterday, US stock-index futures are slightly higher with Yellen out of the way for now. But she won't be gone for long as the next FOMC meeting will be soon upon us, and it will be watched whether the central bankers are still patient. Meanwhile, this morning's US economic-data releases could cause some choppiness in the market initially as they won't be embargoed to the media amid bad weather in DC. Instead disclosure is set to occur through Labor's website. Hope nothing crashes. S&P 500 futures are up 2 as Nymex oil falls back toward $50 gold is up 1.3%. The dollar is quiet, with the euro at $1.1340, and Treasurys edge higher; the 10-year yield is at 1.96%.
Today's morning market video:
Stock futures were barely budging ahead of the first day of testimony by Federal Reserve Chairwoman Janet Yellen to Congress on Tuesday, with some wary she may strike a hawkish tone on the timing of the next interest-rate hike.
Also ahead, Case-Shiller home prices and a consumer confidence index are due to be released, as are a handful of earnings reports. Shares of Home Depot Inc. and Toll Brothers Inc. were both higher after separately releasing results.
Futures for the Dow Jones Industrial Average (DJH5) added 17 points to 18,102, while those for the S&P 500 index (SPH5) were flat at 2,107.40. Futures for the Nasdaq-100 index (NDH5) traded up 0.5 point to 4,445.