Nasdaq Futures Edge Higher Ahead Of Fed Speakers
Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade after closing lower on Tuesday. The Dow Jones dropped around 173 points, while the Nasdaq Composite declined around 86 points in the previous session. Data released Tuesday showed the ISM services index climbed to 56.9 in August from previous reading of 56.7. Investors are awaiting earnings results from Casey''s General Stores, Inc. (NASDAQ: CASY ), GameStop Corp. (NYSE: GME ) and G-III Apparel Group, Ltd. (NASDAQ: GIII ). International trade report for July will be released at 8:30 a.m. ET. Analysts expect a deficit of $70.5 billion for total goods and services trade in July compared with a $79.6 billion deficit in the previous month. The Federal Reserve will release its latest Beige Book report at 2:00 p.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 9:00 a.m. ET, while Federal Reserve Bank of Cleveland President Loretta Mester will speak at 10:00 a.m. ET. Federal Reserve Governor Lael Brainard is set to speak at 11:55 a.m.
Nasdaq Futures Edge Higher Ahead Of Fed Speakers
Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade after closing lower on Tuesday. The Dow Jones dropped around 173 points, while the Nasdaq Composite declined around 86 points in the previous session. Data released Tuesday showed the ISM services index climbed to 56.9 in August from previous reading of 56.7. Investors are awaiting earnings results from Casey''s General Stores, Inc. (NASDAQ: CASY ), GameStop Corp. (NYSE: GME ) and G-III Apparel Group, Ltd. (NASDAQ: GIII ). International trade report for July will be released at 8:30 a.m. ET. Analysts expect a deficit of $70.5 billion for total goods and services trade in July compared with a $79.6 billion deficit in the previous month. The Federal Reserve will release its latest Beige Book report at 2:00 p.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 9:00 a.m. ET, while Federal Reserve Bank of Cleveland President Loretta Mester will speak at 10:00 a.m. ET. Federal Reserve Governor Lael Brainard is set to speak at 11:55 a.m.