US Equity Futures Mostly Flat as Exuberance Over Rate Cut Fades

MT Newswires Live
2024-09-20

US equity futures were little changed before the opening bell Friday as euphoria over Wednesday's Federal Reserve rate cut appeared to fade.

Dow Jones Industrial Average futures slipped less than 0.1%, and S&P 500 futures and Nasdaq futures both edged down 0.1%

Little major economic news is expected today. The Baker Hughes North American rig count, measuring weekly changes in the number of active operating oil and gas rigs, is set to be released in the afternoon.

Patrick Harker, president of the Federal Reserve Bank of Philadelphia and a member of the Federal Reserve Board, is scheduled to speak on the US economy in the afternoon.

Oil prices trended lower, with front-month global benchmark North Sea Brent crude down 0.5% at $74.52 per barrel and US West Texas Intermediate crude 0.4% lower at $71.65 per barrel.

In world markets, Japan's Nikkei closed 1.67% higher, Hong Kong's Hang Seng ended 1.36% higher, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 fell 0.9% and Germany's DAX index declined 0.7% in Europe's early afternoon session.

Vietnamese electric vehicle maker Vinfast's (VFS) shares were down almost 3% in the pre-bell session after it reported widened Q2 losses even as revenue increased, suggesting continued sluggishness in the sector.

Among other US-traded equities, shares of Leafly Holdings (LFLY) were up more than 83% in premarket activity. SRIVARU Holding (SVMH) surged 53% after it said overnight that a Nasdaq hearings panel granted it more time to comply with listing requirements, and Tenon Medical (TNON) shares were up 36%, a day after saying it received positive notices from the US Patent and Trademark Office.

Among losers, Lottery.com (LTRY) shares fell 16% ahead of the opening bell, extending days of losses. FedEx (FDX) fell 14% after reporting lower quarterly year-on-year earnings and revenue. Kopin (KOPN) shares dropped 13% a day after making a new public offering of equities and warrants, and Signing Day Sports (SGN) was down 11% as investors took profits from 308% gains on Thursday.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10