Translate

Search This Blog

Search Tool




Asian Markets at Close Report

European Markets at Close Report

Nov 17, 2016

U.S. Stock Market Future Indications - November 17, 2016: Wall Street Eyes Yellen, Data, Earnings

cnbc.com
 
Anmar Frangoul
Andrew Renneisen | Getty Images
U.S. stock index futures pointed to a higher open on Thursday morning as traders eyed comments from Federal Reserve Chair Janet Yellen, as well as a host of data and earnings.
Yellen is set to appear before the Joint Economic Committee of Congress in Washington, D.C.
at 10:00 a.m. ET.
She was scheduled to testify on the economy at the hearing, but is now expected to be asked about President-elect Donald Trump's plans to cut taxes and launch a hefty infrastructure spending program. The Fed itself is also likely to be a topic of discussion.
On the data front Thursday will see initial claims, CPI, housing starts and the Philly Fed survey all released at 8:30 a.m. ET.
On the earnings front Wal-Mart, Best Buy, Staples and Manchester United are set to report before the bell. Applied Materials, Gap, Intuit and Williams-Sonoma are among companies due to report after the bell.
In Europe, the pan-European Stoxx-600 index was flat on Thursday morning. In Asia, the Shanghai Composite in China closed 0.11 percent higher, while the Nikkei in Japan closed unchanged.
CNBC's Patti Domm contributed to this report