Search This Blog

Search Tool

Nov 11, 2016

U.S. Stock Market Future Indications - November 11, 2016: Wall Street Pauses for Breath, Eyes Fisher, Comments Data
Anmar Frangoul
Andrew Renneisen | Getty Images
U.S. stock index futures indicated a slightly lower open on Friday as traders continued to digest the presidential election result and eyed comments from Federal Reserve Vice Chairman Stanley Fischer.
The Dow surged to a record high Thursday amid bullish investor sentiment, with many seeing a Trump presidency as being able to create the economic spark that has been missing in the years of low growth following the financial crisis.

On the data front, Friday will see consumer sentiment released at 10 a.m. ET, while Fischer is due to speak at 8:30 a.m. ET on U.S. monetary policy and the global economy.

On the earnings front Brookfield Asset Management and JC Penney are set to report before the bell.
In Europe, the pan-European Stoxx-600 index was around 0.25 percent lower on Friday. In Asia, the Shanghai Composite entered a technical bull market although other Asian markets stuttered.

In oil markets, Brent crude traded at around $45.18 a barrel on Friday, down 1.44 percent, while U.S. crude was around $43.96 a barrel, down 1.57 percent. U.S. bond markets are closed Friday for the Veterans Day public holiday.

—CNBC's Patti Domm contributed to this report