Pre-open mover
US stock futures traded lower in early premarket trading on Friday after closing significantly higher in the previous session. The Dow Jones rose more than 800 points in the previous session after US annual inflation fell for the third straight month to 8.2% in September, its lowest level in seven months, from 8.3% the previous month .
September retail sales data will be released at 8:30 am ET. Analysts expect retail sales to rise 0.2% in September after rising 0.3% in the previous month. Import and export price data for September will be released at 8:30 am ET, while August business inventory data will be released at 10:00 am ET. The University of Michigan Consumer Sentiment Index for October is scheduled for release at 10:00 am ET.
Federal Reserve Bank of Kansas City President Esther George will speak at 10:00 a.m. ET, while Federal Reserve Governor Lisa Cook will speak at 10:30 a.m. ET.
Investors are also awaiting earnings results from JPMorgan Chase & Co. JPM, MorganStanley MRS, Wells Fargo & Company WFC, U.S. Bancorp USB and Citigroup Inc. C.
Watch this: Market volatility falls after US inflation data
Futures on the Dow Jones Industrial Average fell 49 points to 30,042.00, while futures on the Standard & Poor’s 500 Index fell 7.50 points to 3,674.25. Futures for the Nasdaq index fell 41.75 points to 11,042.00.
raw materials
oil prices was traded slightly lower as Brent crude futures fell 0.1% to $94.45 a barrel, while US WTI crude futures fell 0.1% to $89.07 a barrel. U.S. crude inventories rose 9.88 million barrels in the week ended Oct. 7, the EIA said on Thursday. The Baker Hughes North American rig count report for the last week is released at 1:00 PM ET.
Gold futures fell 0.4% to $1,670.50 an ounce, while silver traded down 0.2% to $18.89 an ounce on Friday.
A look at the global markets
Europe…
