As traders exercise caution ahead of impending US inflation data, Dow Jones futures continue to decline.
The continuous ambiguity surrounding US-China trade relations caused difficulties for US stock markets.
During extended trading hours, IBM drops more than 7% while Tesla drops about 3.5%.
Ahead of Thursday's start of the regular US session, Dow Jones futures drop 0.12% to hover around 46,700 during European hours. At the time of writing, the Nasdaq 100 futures are up 0.23% to trade close to 25,100, while the S&P 500 futures are up 0.12% to trade close to 6,750.
The protracted government shutdown and ensuing data blackout have caused traders to adopt a cautious approach ahead of Friday's September US inflation data, which has resulted in mixed performance for US index futures. Due to the uncertainty surrounding US-China trade relations, which increased risk sentiment, the Dow Jones sank 0.71%, the S&P 500 fell 0.53%, and the Nasdaq 100 fell 0.93% during Wednesday's regular session.
During their meeting in South Korea next week, US President Donald Trump stated late Wednesday that he hopes to reach a number of deals with Chinese President Xi Jinping, including restricting China's purchases of Russian oil, US soybean exports, and nuclear weapons. The Trump administration is currently debating a comprehensive strategy to limit the export of goods made with or powered by US software to China.
Following mixed quarterly reports, Tesla falls by around 3.5% during pre-market trading hours, while IBM falls by more than 7% as a result of disappointing software revenue. Moderna drops more than 4% after its CMV vaccine fails a phase 3 study, and Molina Healthcare plummets more than 20% after the health insurer lowered its full-year earnings projection, citing increasing medical expenditures. Las Vegas Sands and Southwest Airlines, meanwhile, grow on the strength of their profits.
The continuous ambiguity surrounding US-China trade relations caused difficulties for US stock markets.
During extended trading hours, IBM drops more than 7% while Tesla drops about 3.5%.
Ahead of Thursday's start of the regular US session, Dow Jones futures drop 0.12% to hover around 46,700 during European hours. At the time of writing, the Nasdaq 100 futures are up 0.23% to trade close to 25,100, while the S&P 500 futures are up 0.12% to trade close to 6,750.
The protracted government shutdown and ensuing data blackout have caused traders to adopt a cautious approach ahead of Friday's September US inflation data, which has resulted in mixed performance for US index futures. Due to the uncertainty surrounding US-China trade relations, which increased risk sentiment, the Dow Jones sank 0.71%, the S&P 500 fell 0.53%, and the Nasdaq 100 fell 0.93% during Wednesday's regular session.
During their meeting in South Korea next week, US President Donald Trump stated late Wednesday that he hopes to reach a number of deals with Chinese President Xi Jinping, including restricting China's purchases of Russian oil, US soybean exports, and nuclear weapons. The Trump administration is currently debating a comprehensive strategy to limit the export of goods made with or powered by US software to China.
Following mixed quarterly reports, Tesla falls by around 3.5% during pre-market trading hours, while IBM falls by more than 7% as a result of disappointing software revenue. Moderna drops more than 4% after its CMV vaccine fails a phase 3 study, and Molina Healthcare plummets more than 20% after the health insurer lowered its full-year earnings projection, citing increasing medical expenditures. Las Vegas Sands and Southwest Airlines, meanwhile, grow on the strength of their profits.
