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OffbeatWall Street set for lower open amid oil volatility; inflation data in focus

14:30  14 november  2018
14:30  14 november  2018 Source:   cnbc.com

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(Reuters) - U.S. stocks were set to open lower on Friday as investors worried about whether a potential deal by major oil producers to The nervousness about the outcome of the meeting overshadowed positive Chinese data , which showed the Wall Street closed nearly flat on Thursday, with the S&P

Meanwhile, oil prices rallied to the highest level since November after Goldman Sachs (NYSE:GS) said the market shifted into deficit in May due to falling Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.


    Wall Street set for lower open amid oil volatility; inflation data in focus© Provided by CNBC LLC Stocks Continue Correction, Dragged Down By Disappointing Earnings From Alphabet And Amazon U.S. stock futures pointed to a negative open on Wednesday amid volatility in the oil market and as investors looked ahead to upcoming inflation data.

    As of 4:40 a.m. ET, Dow Jones Industrial Average futures were 78 points lower, indicating a lower open of -23 points, while S&P 500 and Nasdaq futures were also in the red.

    On Tuesday, stock markets stateside navigated through a wildly volatile session, with the Dow falling just a touch above 100 points by the close, despite a rise earlier in the session in excess of 100 points.

    US stocks set to open slightly lower amid Iran sanctions, upcoming midterms

    US stocks set to open slightly lower amid Iran sanctions, upcoming midterms U.S. stock futures pointed to a slightly lower open on Monday as investors turned focus to fresh sanctions on Iran and the upcoming midterm elections. As of 4:22 a.m. ET, Dow futures slipped by 73 points, indicating a lower open of -64.83 points. S&P 500 and Nasdaq futures also dipped slightly. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); Stocks were hit with a wild bout of volatility during Friday's trading session amid conflicting comments and reports on global trade.

    In finance, volatility (symbol σ) is the degree of variation of a trading price series over time as measured by the standard deviation of logarithmic returns. Historic volatility measures a time series of past market prices.

    Stock Market Live Updates: Wall Street surges as investors cheer blockbuster jobs report. Headlines moving the stock market in real time. the quarterly results went public, maintained his Buy rating – but he was cautious due to economic volatility in Brazil generally and lowered his price target to

    Reports of renewed trade talks between the U.S. and China failed to lift sentiment on Wednesday, with traders keeping a wary eye on volatility in the oil market.

    Oil rebounded from losses earlier in the session following Tuesday's 7 percent plunge. Prices had initially fallen on the back of investor angst over fears of an abundance of supply and not enough demand. President Donald Trump earlier this week sent another warning to producer cartel OPEC (Organization of Petroleum Exporting Countries), saying he hoped the group would not cut output in a move to buoy prices.

    London Brent crude futures were 1.45 percent higher, trading at $66.42 a barrel, while U.S. West Texas Intermediate (WTI) climbed 0.9 percent to $56.20.

    On the earnings front, Macy's, Blue Apron and Pershing Square Holdings will report results before the bell, while Cisco posts financials after the bell.

    Meanwhile, investors are looking ahead to inflation data on Wednesday. Consumer Price Index (CPI) and core CPI inflation figures are due to be released at 8:30 a.m. ET.

    Home refinancing requests fall to nearly an 18-year low.
    U.S. borrowers filed the fewest applications for home refinancing in almost 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said Wednesday. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); The Washington, D.C., industry group said its seasonally adjusted index on refinancing activity fell by 5 percent to 783.7 in the week ended Nov. 16. That was the weakest reading since December 2000.

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