{"id":43702,"date":"2024-02-12T13:14:21","date_gmt":"2024-02-12T13:14:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/02\/12\/wall-street-poised-to-open-moderately-lower\/"},"modified":"2024-02-12T13:14:21","modified_gmt":"2024-02-12T13:14:21","slug":"wall-street-poised-to-open-moderately-lower","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/02\/12\/wall-street-poised-to-open-moderately-lower\/","title":{"rendered":"Wall Street Poised To Open Moderately Lower"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Early signs from the U.S. Futures Index suggest that Wall Street might open moderately lower on Monday.<\/p>\n<p>European shares finished mixed, while European shares are trading mostly up.<br \/>The Consumer and Producer Price Inflation, Retail Sales, and Industrial Production reports are expected this week. <\/p>\n<p>Major corporates such as Coca-Cola, Kraft Heinz, Cisco, and Deere are among the companies due to report their quarterly results this week. <\/p>\n<p>As of 7.50 am ET, the Dow futures were down 25.00 points, the S&amp;P 500 futures were declining 0.50 points, and the Nasdaq 100 futures were sliding 1.75 points.<\/p>\n<p>The U.S. major averages finished higher on Friday. The tech-heavy Nasdaq surged 196.95 points or 1.3 percent to 15,990.66.<\/p>\n<p>The S&amp;P 500 climbed 28.70 points or 0.6 percent to 5,026.61, while the narrower Dow bucked the uptrend and edged down 54.64 points or 0.1 percent to 38,671.69.<\/p>\n<p>On the economic front, the Treasury Statement for January will be released at 2.00 pm ET. The consensus is for a deficit of $21.0 billion, while the prior deficit was $129.4 billion. <\/p>\n<p>A six-month Treasury Bill auction will be held at 11.30 am ET. <\/p>\n<p>Minneapolis Fed President Neel Kashkari will participate in a conversation hosted by the Economic Club of Minnesota at 1.00 pm ET.<\/p>\n<p>Asian shares ended mostly lower. China, Hong Kong, South Korea, and Singapore were closed for the Lunar New Year. The Japanese market was closed for National Day.<\/p>\n<p>Australian <span class=\"landLinks\">markets<\/span> ended lower. Shares of the pharmaceutical company slumped 4.8 percent, while the benchmark S&amp;P\/ASX 200 Index dropped 0.4 percent to 7,614.90. The broader All Ordinaries Index closed 0.3 percent lower at 7,860.30. <\/p>\n<\/p>\n<p>Business News<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Wall Street Poised To Open Moderately Lower<\/a><br \/>\n<br \/>2024-02-12 13:14:21<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early signs from the U.S. Futures Index suggest that Wall Street might open moderately lower on Monday. European shares finished mixed, while European shares are trading mostly up.The Consumer and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":43703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-43702","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=43702"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/43703"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=43702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=43702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=43702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}