Breaking News
0

Stocks - U.S. Futures Fall Despite Reports that Fed Could Pause Rate Hikes

Stock MarketsDec 07, 2018 06:46AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

Investing.com – U.S. futures pointed to a lower opening bell on Friday despite reports that the Federal Reserve could pause its interest rate hikes.

The S&P 500 futures fell 13 points or 0.51% to 2,677.38 as of 6:45 AM ET (11:45 GMT) while Dow futures lost 115 points, or 0.46%, to 24.792. Meanwhile tech heavy Nasdaq 100 futures decreased 41 points, or 0.60%, to 6,783.5.

The Wall Street Journal reported on Thursday that the Fed is likely to consider a wait-and-see approach after hiking rate increases at its next meeting in December and does not know when its next rate hike will be.

Chances of a rate hike in December were priced in at 75.8%, according Investing.com’s Fed Rate Monitor Tool.

Tesla (NASDAQ:TSLA) was among the top gainers in premarket trading, rising 1.63% after news that the luxury car maker plans to use a stock and cash mix to pay off its debt due in March. Twitter inched up 0.12%, while Southwest Airlines (NYSE:LUV) gained 0.09% after reports that the company is close to getting certification to open a flight route to Hawaii.

Meanwhile General Electric (NYSE:GE) fell 1.77%, while Facebook (NASDAQ:FB) declined 0.67% and semiconductor Micron (NASDAQ:MU) dipped 1.27%. Home Depot (NYSE:HD) dipped 1.07% and Chevron (NYSE:CVX) declined 1.03%.

In economic news, nonfarm payrolls data for November are released at 8:30 AM ET (13:30 GMT), while the Michigan consumer sentiment index comes out at 10:00 AM ET (15:00 GMT).

In commodities news, gold futures rose 0.33% to $1,247.65 a troy ounce while crude oil futures was flat at $51.58 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, rose 0.02% to 97.03.

Stocks - U.S. Futures Fall Despite Reports that Fed Could Pause Rate Hikes
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
sydney glover
sydney glover Dec 07, 2018 9:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The headline does not match reality if the market has priced in 7 75% chance of December rate hike where is it say that they're going pause the rate hikes?
Reply
0 0
sydney glover
sydney glover Dec 07, 2018 9:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
people who talk about interest rates based on talking points are like the pro tax cuts for the rich. - un-informed about economics.wWhoever wrote this article presents no facts about Fed decision and in fact says market has priced in 75% chance of a hike. Can you see the flaw in your headline? As far as the comments about inflation by another talker, have you paid rent, taxes or even for food? Please get informed about reality. The interest rate needs to be higher. About 5% for 30 year or 4 for 10 years. The rich don't spend any tax cuts. The rich save. Its the middle class that are getting shafted. Have you seen the minimum wage people live?People who call for stable economy don't understand that real role of interest rates and proper tax rates.
Reply
1 1
Alberto Maugeri
Alberto Maugeri Dec 07, 2018 8:17AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
that would be the best choice considering how much noisy is coming from different market..If the world economy is slowing down and trade political tension are still going on it wuold be creazy to continue hinking interest rates. i hope december hiking will be paused as well to let breathe american's economy from monatary restrictive policy. Oil price is going down, home prices are stable and there are no signs of inflation in US economy.
Reply
1 0
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email