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U.S. futures point to lower open, Trump remarks weigh

Published 04/13/2017, 06:54 AM
© Reuters.  Wall Street

Investing.com - Wall Street futures were lower on Thursday, as remarks by U.S. President Donald Trump on Wednesday continued to weigh and as geopolitical concerns persisted.

The blue-chip Dow futures were down 0.21%, the S&P 500 futures fell 0.30%, while the tech-heavy Nasdaq 100 futures slipped 0.27%.

U.S. equities weakened after President Trump told the Wall Street Journal on Wednesday that the dollar "is getting too strong" and that he would prefer the Federal Reserve to keep interest rates low.

Markets were also jittery after Donald Trump said the United States' relationship with Moscow "may be at an all-time low."

Trump's comments came after he ordered a missile attack on Syria to punish the government’s suspected use of poison gas. Russia condemned the U.S. action.

The airline sector was expected to be in the spotlight, as Delta Air Lines (NYSE:DAL) gained 0.40% in after-hour trade after posting better-than-expected results on Wednesday.

United Continental Holdings Inc (NYSE:UAL) saw shares inch up 0.03% in pre-market trade on Thursday after tumbling over 1% in the previous session.

United Continental is the parent company of United Airlines, which made headlines earlier in the week when a passenger was filmed being forcefully removed from his seat aboard a plane headed for Louisville, Kentucky.

Whole Foods Market Inc (NASDAQ:WFM) was also set to be in focus, as shares dropped 0.64% pre-market after Bloomberg reported overnight that Amazon.com (NASDAQ:AMZN) had considered buying the organic food chain last year. Shares in Amazon slipped 0.26% before the open.

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Starbucks (NASDAQ:SBUX) was expected to be another mover on Thursday following reports the coffeehouse chain offered to pay health insurance for parents of some of its China employees. Shares in the company were already down 0.92% in pre-market trade.

Companies scheduled to release earnings reports included Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), PNC Financial (NYSE:PNC), First Republic Bank (NYSE:FRC), Apogee Enterprises Inc (NASDAQ:APOG) and Infosys Limited (NYSE:INFY).

Later Thursday, the U.S. was set to publish the weekly report on jobless claims, as well as data on producer price inflation and consumer sentiment.

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