US stock futures lower before market opening

June 4, 2013 12:38 pm

US stock futures pointed slightly lower today. Investors would be looking at the Federal Reserve speakers for more information about its future stimulus policy. Trade data and house prices are expected to be released  later during the day.

Futures are not always pointing at the right direction of what market would follow, however Dow Jones Industrial Index and S&P 500 futures slightly declined, Nasdaq climbed by 0.75 points to 2986.25.

General Motors Co. is supposed to continue its climb started on Monday after S&P said the automaker will be joining the index to replace H. J. Heinz.

Fed Governor Sarah Bloom Raskin participates today in a discussion about employment in Washington while Fed Bank of Kansas City President Esther George speaks in New Mexico on US economy condition.

Data has been mixed recent days, the economy isn’t showing enough proof for the Fed to consider reducing the bond buying program. Investors have been stating worries about economy negative data and in the same time, a relief could be noticed after Fed have no arguments for withdrawing stimulus package.

European stocks have been sustaining morning gains after positive Spanish unemployment data which surprised estimates.

Where to Trade

BinaryTribune is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action, Binary Options and Social Trading.

Related