Dow Futures Surge Over 200 Points After Thursday''s Sell-Off; Nike Shares Drop After Q1 Results
Pre-open movers U.S. stock futures traded higher in early pre-market trade on Friday after recording sharp losses in the previous session. The Dow fell 1.54% on Thursday, while the SP 500 declined 2.11% to 3,640.47, notching a new closing low for the year. US major averages are on pace to record losses for the month, with the Dow and SP down around 7.3% and 7.9%, respectively in September. Data on personal income and outlays for August will be released at 8:30 a.m. ET. Personal income is expected to increase 0.3% in August, while personal consumption expenditures are likely to rise 0.2%. The Chicago PMI for September is scheduled for release at 9:45 a.m. ET, while the University of Michigan''s consumer sentiment index for September will be released at 10:00 a.m. ET. Federal Reserve Vice Chair Lael Brainard is set to speak at 9:00 a.m. ET, while Federal Reserve Governor Michelle Bowman will speak at 11:00 a.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 12:30 p.m.
Dow Futures Surge Over 200 Points After Thursday''s Sell-Off; Nike Shares Drop After Q1 Results
Pre-open movers U.S. stock futures traded higher in early pre-market trade on Friday after recording sharp losses in the previous session. The Dow fell 1.54% on Thursday, while the SP 500 declined 2.11% to 3,640.47, notching a new closing low for the year. US major averages are on pace to record losses for the month, with the Dow and SP down around 7.3% and 7.9%, respectively in September. Data on personal income and outlays for August will be released at 8:30 a.m. ET. Personal income is expected to increase 0.3% in August, while personal consumption expenditures are likely to rise 0.2%. The Chicago PMI for September is scheduled for release at 9:45 a.m. ET, while the University of Michigan''s consumer sentiment index for September will be released at 10:00 a.m. ET. Federal Reserve Vice Chair Lael Brainard is set to speak at 9:00 a.m. ET, while Federal Reserve Governor Michelle Bowman will speak at 11:00 a.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 12:30 p.m.