Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

US benchmarks seen starting lower on Friday as traders continue to mull over Fed comment; crude prices fall

% of readers think this story is Fact. Add your two cents.


US stocks are seen starting lower on Friday as traders continue to weigh up issues including the tapering of the Fed’s stimulus measures, coronavirus (COVID-19) fears, and China’s data restrictions.

Today there is no economic data due for release or many news releases so the market focus is still on events this week.

In futures trade, the Dow Jones Industrial Average is down 148 points; the S&P 500 is off 19 points, while the Nasdaq futures are trading 41 points lower.

It comes after benchmarks closed mixed on Wall Street on Thursday with the DJIA falling 68 points, or 0.19%, to 34,894 for its third-straight session. But the S&P 500 and the tech-heavy Nasdaq managed to close in positive territory, rising 0.13% to 4,405 and 0.11% to 14,541 respectively.

On Friday, China  passed a major data protection law concerning how companies collect and handle user information, which could affect the way China’s technology giants operate. adding to worries about the country’s economic slowdown.

Next week sees the start of then Jackson Hole symposium in Wyoming, with Chairman Jerome Powell likely to provide more clues on the US Central Bank’s thinking on the economy and its stance on tapering.

Five other things to watch on Friday:

Analysts expect Foot Locker to have earned $1 per share on revenue of $2.09 billion in its latest quarter when it releases earnings before the New York bell.

Crude prices are falling Friday after US natural-gas supplies rose 46 billion cubic feet last week, the Energy Information Administration said yesterday. The closely-watched Baker Hughes North American rig count report for the latest week is scheduled for release later today.

Following Tesla’s AI day on Thursday, Elon Musk announced he may launch a humanoid robot prototype in 2022, called the ‘Tesla Bot’, which is designed to do “boring, repetitious and dangerous” work. The billionaire said the robot could have “profound implications for the economy”.

Agricultural machinery giant Deere, reporting today, is estimated to report quarterly earnings at $4.57 per share on revenue of $10.30 billion.

Spotify Technology SA has announced the board’s approval to buy back shares up to $1 billion. The company will reportedly begin the share repurchases from the third quarter of 2021.

Story by ProactiveInvestors


Source: https://www.proactiveinvestors.com/companies/news/958257/us-benchmarks-seen-starting-lower-on-friday-as-traders-continue-to-mull-over-fed-comment-crude-prices-fall-958257.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.