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Stocks - U.S. Futures Point to Flat Opening Bell

Published 06/07/2018, 06:45 AM
Updated 06/07/2018, 06:45 AM
© Reuters.  U.S. Futures pointed to a flat opening bell on Wall Street.

© Reuters. U.S. Futures pointed to a flat opening bell on Wall Street.

Investing.com - U.S. futures were mixed on Thursday and pointed to a flat opening bell, as investors wait for the Federal Reserve interest rate decision next week.

The S&P 500 futures was up over one and a half points or 0.06% to 2,774.00 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 45 points or 0.18% to 25,185.0. Meanwhile tech heavy Nasdaq 100 futures fell one point or 0.02% to 7,213.75.

The Fed begins its two-day monetary meeting June 12-13 and is expected to increase interest rates. Meanwhile investors are also looking to economic data and earnings reports.

Weekly jobless claims comes out at at 8:30 AM ET (12:30 GMT) and consumer credit numbers are released at 3:00 PM ET (19:00 GMT).

On the earnings front, JM Smucker Company (NYSE:SJM) and Vail Resorts Inc (NYSE:MTN) report ahead of the opening bell, while Broadcom (NASDAQ:AVGO), DocuSign Inc (NASDAQ:DOCU), and Stitch Fix (NASDAQ:SFIX) are due to release their latest earnings after the close.

Automobile maker Fiat Chrysler Automobiles NV (NYSE:FCAU) was among the top gainers in pre-market trading, rising 1.32% while semiconductor Micron Technology Inc (NASDAQ:MU) surged 1.31% and Jd.Com Inc Adr (NASDAQ:JD) was up 0.99%.

Elsewhere Vodafone (NASDAQ:VOD) slumped 3.32%.

In Europe stocks were mostly up after the London Stock Exchange open was delayed for an hour due to a technical glitch. Germany’s DAX rose five points or 0.04% while in France the CAC 40 increased 10 points or 0.20% and in London, the FTSE 100 was down 10 points or 0.14%. Meanwhile the pan-European Euro Stoxx 50 gained eight points or 0.26% while Spain’s IBEX 35 rallied 57 points or 0.59%.

In commodities, gold futures were up 0.12% to $1,303.00 a troy ounce while crude oil futures rose 0.59% to $65.11 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.35% to 93.28.

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