Benzinga · Aug 16, 2021
A Peek Into The Markets: US Stock Futures Down Ahead Of Empire State Index
Pre-open movers U.S. stock futures traded lower in early pre-market trade after closing slightly higher in the previous session. Investors are awaiting earnings results from Fabrinet (NASDAQ: DXPE), Roblox Corp (NASDAQ: RBLX) and Tencent Music Entertainment Group (NYSE: TME). The President of Afghanistan fled his country as reports indicate Taliban fighters are seizing security checkpoints inside the capital city of Kabul. The Empire State manufacturing index for August is scheduled for release at 8:30 a.m. ET. The Empire State index jumped sharply to 43.0 in July from 17.4 in the previous month. However, analysts expect August's reading to drop to 30.0. Futures for the Dow Jones Industrial Average dipped 59 points to 35,361.00 while the Standard & Poor’s 500 index futures fell 7.75 points to 4,454.75. Futures for the Nasdaq 100 index declined 17.75 points to 15,108.00. The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 36,678,860 with around 621,630 deaths. India reported a total of at least 32,225,510 ...
