U.S. stock futures down ahead of presidential debate and inflation data

From Nasdaq: 2024-09-10 10:36:06

U.S. stock futures are down this morning ahead of the presidential debate and the release of a key inflation report. Wall Street closed higher on Monday, with Super Micro Computer and Boeing among the top gainers. Palantir and Dell were added to the S&P 500 index. Health insurers faced challenges. U.S. consumer credit rose in July.

Investors are awaiting the U.S. consumer inflation report for August, with expectations of a rate cut by the Federal Reserve. U.K. wage growth slows. Germany’s inflation rate remains at 1.9%. The European Central Bank is expected to cut its deposit rate by 25 basis points. Amplifon slumps after Apple’s announcement about AirPods as hearing aids.

Asian markets close mixed. China’s exports grow, while imports fall short. U.S. proposes new sanctions on Chinese biotech firms. Japan’s Nikkei declines for the sixth straight session. Bank of Japan may raise interest rates. Former health minister of Japan urges stimulus package. Daiichi Sankyo plunges after failed drug trial.

Pre-market U.S. stock movers: Oracle climbs after strong Q1 results, Hewlett Packard Enterprise slumps, Apple falls after EU court ruling. Equity Residential rises after upgrade, Johnson Controls gains. Today’s earnings spotlight includes GameStop Corp, Academy Sports, and Dave & Buster’s Entertainment. More stock market news available from Barchart.



Read more at Nasdaq: Stock Index Futures Inch Lower Ahead of U.S. Presidential Debate, Inflation Data Awaited