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Stock futures trading is lower as sales continue



US stock futures are trading mixed on the last day of the week.

Dow futures forecast a decline of 0.1%.

Another downturn in technology companies helped reduce shares on Wall Street on Thursday, extending losses from the previous day.

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Markets will pay close attention to the University of Michigan̵

7;s preliminary consumer sentiment index for September. It is expected to reach almost a point of 75 from the final reading of 74.1 in August. The conference council will also come out with its leading economic index for August. Observe monthly growth of 1.3%, slightly following the growth of 1.4% in July.

Asian stocks were mostly higher on Friday, although investors’ attention turned again to uncertainty in global economies amid the coronavirus pandemic.

On Friday, the Japanese benchmark Nikkei won 0.2%, Hong Kong’s Hang Seng rose 0.5% and China’s Shanghai Composite rose 2.1%.

In Europe, the London FTSE fell 0.3%, the German DAX fell 0.1% and the French CAC fell 0.4%.

Ticker Security Last Change Change%
I: DJI DOW JONES AVERAGE 27901.98 -130.40 -0.47%
SP500 S&P 500 3357,01 -28.48 -0.84%
I: COMP NASDAQ COMPOSITE INDEX 10910.27678 -140.19 -1.27%

As Wall Street suffered more losses on Thursday, sales declined towards the end of the day. The S&P 500 fell 28.48 points to 3,357.01. The Dow Jones industrial average lost 130.40 points, or 0.5%, to 27,901.98. He had dropped 384 points.

The Nasdaq composite, which is heavily weighted by technology stocks, slipped 140.19 points, or 1.3%, to 10,910.28.

The sale came a day after the Federal Reserve said it would keep interest rates at almost zero for years to support the wheezing economy. The statement failed to encourage Wall Street and the S&P 500 recorded its first loss in four days on Wednesday.

The number of American workers applying for unemployment benefits is slowly declining, but remains historically high. Such signs of weaker recovery and a potential second wave of the virus weigh on investors.

Another downside that the US market has taken in the last two days is the declining likelihood that Congress will provide more aid to the economy soon after the expiration of unemployment benefits and other incentives recently. Investors say such aid is crucial to the recovery.

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In energy trading, the US benchmark earned 6 cents to $ 41.03 a barrel. Raw Brent, the international standard, added 11 cents to $ 43.41 a barrel.

The Associated Press contributed to this article.


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