Categories: world

US stock futures point lower, threatening Wall Street 4-day winning strike

US. Stock futures fell on Thursday, suggesting a winning run for stocks could come to an end because optimism over…

US. Stock futures fell on Thursday, suggesting a winning run for stocks could come to an end because optimism over trade negotiations was replaced by concerns about a Chinese economic slowdown and the continuing government suspension.

How are the major benchmarks far?

Dow Jones Industrial Average Futures

YMH9, -0.33%

fell 102 points, or 0.4% to 23,728, while S & P 500 futures

ESH9, -0.47%

dipped 14.1 points, or 0.5% to 2.568.50 and Nasdaq-100

NQH9, -0.55%

futures fell 41.75 points or 0.6% to 6.563.

On Wednesday Dow Industrial

+ 0.19%

DJIA, + 0.39%

increased 91.67 points, or 0.4% to 23.879.12 while S & P 500

SPX, [0.459008] + 0.41%

climbed 10.55 points, or 0.4% to 2.584.96. Nasdaq Composite Index

COMP, + 0.87%

advanced 60.08 points, or 0.9% to 6.957.08. It was the fourth straight winning session for all three indices.

S & P 500 and Dow move closer to the existing correction area, but only if a later winning strike continues – Dow and S & P each logged four consecutive positive sessions as of Wednesday.

Read: The stock market is too damaged for a prolonged rally, says strateg

What drives the market?

On Wednesday, stocks rose after the US and Chinese officials quoted progress over three trading days in Beijing, although some observers cited lack of detail or even solid development. However, replacing that optimism was healthy concern over China’s economy after data showed a sharp slowdown in consumer and producer prices.

Another concern for investors is the partial US Government suspension, with a stalemate anchored after President Donald Trump stepped out of a border wall meeting with Democrats on Wednesday and said he can still explain a national emergency to build a wall on the border to Mexico.

Federal Reserve Chairman Jerome Powell and his Deputy Vice-President Richard Clarida will be in focus on Thursday. Powell will appear in a moderated discussion at the Economic Club of Washington at 12.20. Eastern Time, while Clarida will talk to Money Marketeers at New York University at 5:30 pm

On Wednesday, the shares rose with signs that the Fed is cautious about further interest rate hikes, via the minutes of the December meeting. Comments from other Fed officials who speak Wednesday have backed that view.

Read: Fed chats confirm interest rates pending May earliest

What do analysts say?

“The stock markets around the world are in negative territory on Thursday, with the US seen subsequent suit, but it’s nothing to worry about with the drop coming after a good profit on the stock markets,” says Craig Erlam, senior market analyst at Oanda. , in a listing.

“It has been an impressive recovery last week or so, becoming increasingly encouraging by the fact that it has been supported by some real positive headlines. While specific missing calls, US-China talks seem to be going well, like the Chinese Foreign Ministry confirmed on Thursday, this is very good news for investors as it is one of the biggest risks to markets, he says.

How to trade other markets

Asian shares were mixed with Japan’s Nikkei

NIK, -1.29%

down 1.2%, while shares in Shanghai

SHCOMP, -0.36%

slid 0.4%. Stocks are under pressure in Europe, with Stoxx Europe 600 down 0.4%.

Oil prices withdrew with shares, with the US reference value

CLG9, -0.55%

down 0.8% to $ 51.94 per barrel, while gold terminals

GCG9, + 0.15%

rose and ICE US Dollar Index

DXY, + 0.17%

are relieved.

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