{"id":51847,"date":"2024-10-21T12:49:53","date_gmt":"2024-10-21T12:49:53","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/21\/wall-street-might-open-in-negative-territory-31\/"},"modified":"2024-10-21T12:49:53","modified_gmt":"2024-10-21T12:49:53","slug":"wall-street-might-open-in-negative-territory-31","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/21\/wall-street-might-open-in-negative-territory-31\/","title":{"rendered":"Wall Street Might Open In Negative Territory"},"content":{"rendered":"
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Initial trends on the U.S. Futures Index suggest that Wall Street might open lower on Monday. Asian shared finished mostly up, while European shares are trading lower.<\/p>\n

Earnings news is also likely to attract investor attention this week. Trading might be influenced by the latest U.S. economic data.<\/p>\n

In the Asian Trading session, gold reached another record high, while oil prices recovered.<\/p>\n

As of 8.20 am ET, the Dow futures were down 73.00 points, the S&P 500 futures were declining 16 points and the Nasdaq 100 futures were falling 92.25 points.<\/p>\n

The US major averages finished higher on Friday. The Nasdaq climbed 115.94 points or 0.6 percent to 18,489.55 and the S&P 500 rose 23.20 points or 0.4 percent to a new record closing high of 5,864.67. The narrower Dow recovered from an initial pullback to end the day up by 36.86 points or 0.1 percent at 43,275.91.<\/p>\n

On the economic front, the Conference Board’s Leading Indicators Index for September will be issued at 10.00 am ET. The consensus is for a decline of 0.3 percent, while it was down 0.2 percent in the prior month. <\/p>\n

The Six-month Treasury bill auction will be held at 11.30 pm ET. <\/p>\n

San Francisco Fed President Mary Daly will moderate Q&A with the Wall Street Journal’s Nick Timiraos at the 2024 WSJ Tech Live at 6.40 am ET. <\/p>\n

Dallas Fed President Lorie Logan will participate in a moderated question-and-answer session before the 2024 Securities Industry and Financial Markets Association Annual or SIFMA meeting at 8.55 am ET. <\/p>\n

Minneapolis Fed President Neel Kashkari will participate in Chippewa Falls Chamber of Commerce town hall at 1.00 pm ET. <\/p>\n

Kansas City Fed President Jeffrey Schmid will speak on the economic and monetary policy outlook before a hybrid event hosted by the Chartered Financial Analyst Society, Kansas City at 5.05 pm ET.<\/p>\n

Asian stocks turned in a mixed performance on Monday. China’s Shanghai Composite Index ended 0.20 percent higher at 3,268.11 after a volatile session. <\/p>\n

Hong Kong’s Hang Seng Index slumped 1.6 percent to 20,478.46.<\/p>\n

Japanese markets<\/span> ended little changed. The Nikkei 225 Index finished marginally lower at 38,954.60, while the broader Topix Index settled 0.3 percent lower at 2,679.91.<\/p>\n

Australian markets advanced. The benchmark S&P\/ASX 200 Index climbed 0.7 percent to 8,344.40, while the broader All Ordinaries Index closed 0.6 percent higher at 8,604.10. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n