Offbeat: Futures point to a lower open on geopolitical concerns - PressFrom - US
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Offbeat Futures point to a lower open on geopolitical concerns

12:51  15 may  2018
12:51  15 may  2018 Source:   cnbc.com

US stocks set to rally at the open as trade concerns abate

  US stocks set to rally at the open as trade concerns abate U.S. stock index futures pointed to triple-digit gains at the open Monday morning, amid hopes of a potential breakthrough in trade tensions.At around 04:55 a.m. ET, Dow futures rose 99 points, indicating a higher implied open of 113 points. The Nasdaq and the S&P 500 futures also indicated an upbeat start to the session for their respective markets.

U.S. stock index futures pointed to a lower open on Tuesday as traders eyed escalating geopolitical tensions concerning North Korea while 01/06/16 US stock index futures are pointing to a lower open Wednesday morning as investors turn to geopolitics , oil prices, and upcoming data releases.

The move higher in yields put pressure on stocks, leading the Dow to close lower for the first time in nine days. "People are trading the market in short increments, but they're not looking at the fundamentals" which are "still strong , " notes one strategist. Home Depot also contributed to the

  Futures point to a lower open on geopolitical concerns © Lucas Jackson/Reuters   U.S. stock index futures pointed to a lower open on Tuesday morning, amid concerns of increased violence on the Israeli-Gaza border.

At around 4:15 a.m. ET, Dow futures fell 59 points, indicating a lower implied open of 49 points. The Nasdaq and the S&P 500 futures also indicated a lower start to the session for their respective markets.

The moves in pre-market trade followed an escalation in violence Monday at the Israeli-Gaza border on the day the U.S. opened its embassy in Jerusalem, after President Donald Trump moved it from Tel Aviv. Palestinians interpreted the move as support for Israeli control of the whole city. They claim that East Jerusalem is the capital of a future Palestinian state. Prince Turki Al-Faisal of Saudi Arabia told CNBC that the move will increase instability in the Middle East.

U.S. Ambassador to China Terry Branstad said that Washington and Beijing are still "very far apart" when it comes to fixing their trade differences, Reuters reported.

U.S. stocks closed higher Monday with the Dow positing an eight-day winning streak, supported by solid company results.

More earnings are scheduled to be released in the U.S. on Tuesday. Home Depot and Vodafone are poised to release its latest figures before the opening bell.

In economic data, April retail sales numbers are due at 8:30 ET.

Gold jumps after Trump cancels North Korea summit .
Gold jumps after Trump cancels North Korea summit as global investors seek safety|| 105229184Gold futures were trading up more than 1 percent Thursday after the news, above $1,305 an ounce.

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