Stock Futures Move Lower Ahead of Loaded Back-Half to the Week - TheStreet

By Keris Alison Lahiff / June 06, 2017 / www.thestreet.com / Article Link

Stock futures moved lower on Tuesday morning as investors awaited clarity on a number of market-moving events later in the week.

S&P 500 futures were down 0.3%, Dow Jones Industrial Average futures slid 0.24%, and Nasdaq futures declined 0.22%.

Wall Street wasn't able to extend a record-breaking streak into a third session on Monday as a terror attack in London and lower oil prices teamed up to take down stocks. Still, stocks held close to records with market reaction to terrorism appearing restrained and cautious. Wall Street largely overlooked weaker-than-expected U.S. jobs growth in May on Friday, with major benchmark indexes closing at records for the second day in a row.

Market activity should accelerate toward the back half of the week with several catalysts likely to trigger trading. The United Kingdom will hold its general election on Thursday -- Prime Minister Theresa May is still holding a lead in the polls over Labor's Jeremy Corbyn. Also on Thursday, the European Central Bank will announce a decision on monetary policy. Improving economic data in the eurozone could affect members' growth forecasts.

Finally, former FBI director James Comey will deliver his public testimony to the Senate Intelligence Committee on Thursday. Donald Trump fired Comey earlier in May while the FBI was investigating the Trump transition team's ties to Russia. News reports also indicated that Trump had asked Comey for his loyalty and requested he stop investigating former National Security Adviser Michael Flynn.

The economic calendar in the U.S. on Tuesday is fairly quiet with just the Job Openings and Labor Turnover Survey for April out at 10 a.m. EDT.

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok