Pre-open mover
US stock futures traded higher in early premarket trading on Friday after posting sharp losses in the previous session. The Dow fell 1.54% on Thursday, while the S&P 500 fell 2.11% to 3,640.47, marking a new year-end low. The major US media stocks are about to post losses for the month, with the Dow and S&P down about 7.3% and 7.9% respectively in September.
Personal Income and Expense data for August will be released at 8:30 am ET. Personal income is expected to rise 0.3% in August, while personal consumption spending is likely to rise 0.2%. The Chicago PMI for September is scheduled for release at 9:45 am ET, while the University of Michigan Consumer Sentiment Index for September is scheduled for release at 10:00 am ET. Federal Reserve Vice Chair Lael Brainard will speak at 9:00 a.m. ET, while Federal Reserve Governor Michelle Bowman will speak at 11:00 a.m. ET. Federal Reserve Bank of Richmond President Thomas Barkin will speak at 12:30 p.m. ET, while Federal Reserve Bank of New York President John Williams will speak at 4:15 p.m. ET.
Investors are also awaiting earnings results from Carnival Corporation CCLand CIRCOR International, Inc. CIR.
Check this out: Nasdaq falls over 300 points, volatility in the markets rises
Futures for the Dow Jones Industrial Average rose 210 points to 29,495.00, while futures for the Standard & Poor’s 500 Index rose 31.50 points to 3,685.75. Futures for the Nasdaq index rose 97.26 points to 11,325.50.
raw materials
oil prices was traded higher as Brent crude futures rose 1.3% to $88.29 a barrel, while US WTI crude futures rose 1.1% to $82.12 a barrel. Baker Hughes’ North American rig report for the last week is scheduled for release at 1:00 PM ET.
Gold futures were up 0.8% to $1,681.80 an ounce, while silver traded up 2.3% to $19.14 an ounce on Friday.
A look at the global markets
Europe markets
The European markets were bigger today. The STOXX Europe…
