U.S. stock futures traded lower early Friday after the indexes marked a record-setting rally in response to the Fed’s 25-basis-point rate cut. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.07%, 0.08%, and 0.11%, respectively, at 4:10 a.m. EST on September 19.
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During Thursday’s regular trading session, all three major indexes closed at all-time highs and set new intraday records. The Dow Jones rose 0.27%, the S&P 500 gained 0.48%, and the Nasdaq Composite advanced 0.94%.
After markets closed yesterday, FedEx (FDX) jumped 5.5%, driven by a solid sales and earnings beat for the fiscal first quarter. Conversely, shares of homebuilder Lennar (LEN) slipped 3.2% after missing both top and bottom-line expectations for its third fiscal quarter.
There are no major economic or earnings releases scheduled for today.
Meanwhile, the U.S. 10-year Treasury yield was up, floating near 4.13%. WTI crude oil futures were trending lower, hovering near $63.41 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $3,684 per ounce on Friday.
Elsewhere, European stocks opened mostly higher on September 19, with the Bank of England (BOE) holding rates steady, in line with expectations. Investors are also awaiting upcoming economic data releases from across the eurozone.
Asia-Pacific Markets Traded Lower Today
Asia-Pacific markets traded mostly lower on Friday as markets looked ahead to renewed U.S.-China trade talks and the fate of TikTok’s U.S. operations.
Hong Kong’s Hang Seng index dropped 0.05%. In China, the Shanghai Composite fell 0.30%, while the Shenzhen Component lost 0.20%. Meanwhile, Japan’s Nikkei declined 0.57%, and the Topix fell 0.35%.
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