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 stocks set to ease further from all-time highs as investors await retail and manufacturing data

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


US stocks look set to ease further from recently hit all-time highs in early trade on Tuesday as investors await fresh earnings and data on the retail and manufacturing sectors.

Futures for the Dow Jones Industrial Average were 0.6% lower, while those for the S&P 500 fell 0.5%, and the tech-laden Nasdaq-100 futures shed 0.4%.

Investors are awaiting data and earnings that will offer insights into the health of the US retail sector. Retail sales, due at 8.30am ET, are expected to have weakened slightly in July as supply chain bottlenecks impact auto sales. Industrial production data is set to be released at 9.15am ET.

Federal Reserve policymakers are moving toward an agreement to start scaling back their easy money policies in about three months if the economic recovery continues. The Wall Street Journal reported on Monday that Boston Fed President Eric Rosengren said in an interview he expected to see enough job growth by the September meeting to meet the criteria for reducing bond purchases.

Some of the biggest US retailers are also reporting earnings this week. Home Depot shares fell ahead of the open after it reported a decline in sales; rivals Lowe’s Cos and Target will report on Wednesday.

Six things to watch on Tuesday:

BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas.

US auto safety regulators on Monday opened a formal safety probe into Tesla Inc’s driver assistance system Autopilot after a series of crashes involving Tesla models and emergency vehicles.

General Motors said it will replace all battery modules in some Chevrolet Bolt electric vehicles under a recall announced last month.

Citgo Petroleum Corp on Monday reported a slim, second-quarter profit, its first in seven quarters, as higher fuel exports helped offset weak margins and the impact of a fuel pipeline shutdown.

Videogame company Roblox fell after reporting earnings late Monday that missed Wall Street forecasts.

Danish jewellery maker Pandora said on Tuesday that a strong performance in the United States spurred rapid sales growth in the second quarter but sales in China fell.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/957883/us-stocks-set-to-ease-further-fromall-time-highs-as-investors-await-retail-and-manufacturing-data-957883.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.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

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.