Pre-open mover
US stock futures traded slightly lower in early premarket trading on Wednesday after the Dow Jones fell about 40 points in the previous session. U.S. stocks posted a big surge earlier in the week, with the S&P 500 index posting its biggest two-session rise since 2020.
Challenger’s September job losses report is scheduled for release at 7:30 am ET, while data on initial jobless claims for the last week is due for release at 8:30 am ET. 203,000 jobless claims are expected for the week of October 1, compared to 193,000 the previous week.
Federal Reserve Board Governor Lisa Cook and Federal Reserve Bank of Chicago President Charles Evans will speak at 1:00 p.m. ET. Federal Reserve Governor Christopher Waller will speak at 5:00 p.m. ET, while Federal Reserve Bank of Cleveland President Loretta Mester will speak at 6:30 p.m. ET.
Check this out: Market volatility continues to decrease, here’s why
Futures on the Dow Jones Industrial Average fell 66 points to 30,244.00, while futures on the Standard & Poor’s 500 Index fell 10 points to 3,784.00. Futures for the Nasdaq index fell 29.50 points to 11,594.25.
raw materials
oil prices was traded higher as Brent crude futures rose 0.3% to $93.69 a barrel, while US WTI crude futures rose 0.2% to $87.97 a barrel. The Energy Information Administration’s weekly report on natural gas inventories in underground storage is scheduled for release at 10:30 am ET.
Gold futures were up 0.3% to $1,725.80 an ounce, while silver traded up 0.2% to $20.585 an ounce on Thursday.
A look at the global markets
Europe markets
European markets were lower today. The STOXX Europe 600 index rose 0.3%, London’s FTSE 100 fell 0.1%, while Spain’s IBEX 35 index rose 0.2%. France’s CAC 40 index rose 0.2%, while Germany’s DAX gained 0.4%.
The S&P Global Eurozone Construction PMI rose to 45.3 in September from 44.2 in the previous month, posting the fifth straight month of decline. The S&P…
