Dow, Nasdaq Futures Lower Following Friday''s Sell-Off; US Dollar Surges To 20-Year High
Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled more than 1,000 points in the previous session following speech from Federal Reserve Chairman Jerome Powell at the central bank’s Jackson Hole economic symposium. The US dollar index, meanwhile, jumped to its strongest level in 20 years on Monday. Investors are awaiting earnings results from Catalent, Inc. (NYSE: CTLT ), Pinduoduo Inc. (NASDAQ: PDD ) and HEICO Corporation (NYSE: HEI ). The Dallas Fed manufacturing index for August is scheduled for release at 10:30 a.m. ET. The index, which fell to minus 22.6 in July, is expected to recover slightly to minus 13.2 in August. Federal Reserve Governor Lael Brainard will speak at 2:15 p.m. ET. Check out this: Bitcoin Tumbles Below This Major Level Following Powell''s Remarks; Here Are The Top Crypto Movers For Monday Futures for the Dow Jones Industrial Average dropped 267 points to 31,996.00 while the Standard Poor’s 500 index futures fell 38.75 points to 4,020.75.
Dow, Nasdaq Futures Lower Following Friday''s Sell-Off; US Dollar Surges To 20-Year High
Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled more than 1,000 points in the previous session following speech from Federal Reserve Chairman Jerome Powell at the central bank’s Jackson Hole economic symposium. The US dollar index, meanwhile, jumped to its strongest level in 20 years on Monday. Investors are awaiting earnings results from Catalent, Inc. (NYSE: CTLT ), Pinduoduo Inc. (NASDAQ: PDD ) and HEICO Corporation (NYSE: HEI ). The Dallas Fed manufacturing index for August is scheduled for release at 10:30 a.m. ET. The index, which fell to minus 22.6 in July, is expected to recover slightly to minus 13.2 in August. Federal Reserve Governor Lael Brainard will speak at 2:15 p.m. ET. Check out this: Bitcoin Tumbles Below This Major Level Following Powell''s Remarks; Here Are The Top Crypto Movers For Monday Futures for the Dow Jones Industrial Average dropped 267 points to 31,996.00 while the Standard Poor’s 500 index futures fell 38.75 points to 4,020.75.