Futures Pointing To Modestly Lower Open On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 21 June 2024 11:43:10 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a modestly lower open on Friday, with stocks likely to move to the downside following the mixed performance seen in the previous session. Early trading on Wall Street may continue to be driven by Nvidia (NVDA), as the AI chipmaker is slumping by 1.6 percent in pre-market trading. An advance by Nvidia contributed to modest strength early on Thursday, but a sharp pullback by the AI darling and market leader weighed on the Nasdaq and S&P 500 over the course of the session. Overall trading activity may be somewhat subdued, however, as traders await additional clarity on the outlook for interest rates. Following a modest move to the upside early in the session, the major U.S. stock indexes moved in starkly opposite directions during trading on Thursday. While the Nasdaq and the S&P 500 pulled back off their early highs and into negative territory, the narrower Dow saw continued strength. The Dow ended the day up 299.90 points or 0.8 percent at a nearly one-month closing high of 39,134.76, but the S&P 500 fell 13.86 points or 0.3 percent to 5,473.17 and the Nasdaq s... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports The National Association of Realtors is scheduled to release its report on existing home sales in the month of May at 10 am ET. Ex... [Read More]( --------------------------------------------------------------- Europe European stocks have moved mostly lower on Friday as investors react to weak business activity data from the region. The Eurozone business recovery slowed sharply in June, as the manufacturing sector downturn gathered momentum and activity in the services sector deteriorated. The HCOB's preliminary composite Purchasing Managers' Index, compiled by S&P Global, fell to 50.8 from May's 52.2. Elsewhere, U.K. private sector growth eased t... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian stocks fell on Friday as new data showed weakness in the U.S. economy and Treasury yields ticked higher on hawkish comments from Federal Reserve officials. Regional losses remained capped amid optimism that a slowing U.S. economy would help keep inflationary pressures in check and convince the Federal Reserve to cut its main interest rate later this year. According to data from CME Group, markets currently expect two rate cuts from the Fed this year. China's Shanghai Composite Index slipped 0.2 percent to 2,998.14 after reports that Canada is prepa... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.05 to $81.34 a barrel after climbing $0.58 to $81.29 a barrel on Thursday. Meanwhi... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49