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Futures point to slight losses at the open

Published 01/29/2019, 05:17 AM
Updated 01/29/2019, 05:17 AM
© Reuters.  Futures point to slight losses at the open

© Reuters. Futures point to slight losses at the open

  • Weighed down by yesterday's losses, U.S. stock index futures are inching down premarket, as two major U.S. companies - Caterpillar (NYSE:CAT) and Nvidia - dropped post-earnings after stating that weakness in China's economy was weighing on their results.
  • The latest corporate warnings follow a new report from Washington could help feed economic fears.
  • The Congressional Budget Office predicts the recent government shutdown will cost the U.S about $3B in reduced output in 2019, shaving about 0.4 of a percentage point off GDP in Q1.
  • Consumer confidence figures are also due out this morning, which likely will reveal how much the government shutdown affected Americans.
  • Oil is up 0.9% at $52.48/bbl, gold is 0.4% higher at $1308/ounce and the 10-year Treasury yield is flat at 2.74%.
  • ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, OTC:SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV
  • Now read: S&P 500 Valuation Dashboard - Update


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