Trade Outlook, Earnings Limit Wall Street Pre-Bell; Asia Up, Europe Down

MT Newswires
26 Mar

Wall Street futures pointed modestly lower pre-bell Wednesday as traders mulled Trump Administration trade tariffs, and tallied small signals from the waning earnings season.

In the futures, the S&P 500 fell 0.1%, the Nasdaq declined 0.1% and the Dow Jones was flat.

Copper prices are striking fresh all-time record highs, on the possibility of Trump Administration tariffs on the metal.

Asian exchanges traded mostly higher overnight, while European bourses tracked moderately lower midday on the continent.

Dollar Tree (DLTR) gained 6.5% pre-bell after the budget retail chain disclosed plans to sell its Family Dollar business segment for $1 billion.

Cintas (CTAS), Paychex (PAYX) and Dollar Tree (DLTR) plan to report earnings pre-bell, among others.

On the economic calendar is the durable goods orders bulletin for February at 8:30 am ET, followed by the weekly EIA petroleum status report at 10:30 am.

The Atlanta Fed Survey of Business Uncertainty for March posts at 11 am.

Minneapolis Fed President Neel Kashkari speaks at 10 am, and St. Louis Fed President Alberto Musalem at 1:10 pm.

In premarket action, Bitcoin traded at $88,236 West Texas Intermediate crude oil traded higher at $69.59, and 10-year US Treasuries offered 4.34%. Spot gold traded for $3,023 an ounce.

















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