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Aug 21, 2019

U.S. Markets | U.S. Index Futures Indicator: FuturesUS futures point to a higher open

Silvia Amaro



U.S. stock index futures moved higher on Wednesday morning.
Around 6 a.m. ET, Dow futures indicated a positive open of about 125 points. Futures on the S&P and Nasdaq were also higher.
Wall Street closed lower for the first time in four sessions on Tuesday. The recent relief in stocks comes as bond yields paused their recent decline, temporarily easing potential recession fears.
Investors will be looking ahead to the latest minutes from the Federal Reserve, due on Wednesday, for any clues on the course of monetary policy. The Fed announced at its last meeting in July a cut in interest rates, while signaling that it was only a "midcycle adjustment" and the central bank was not returning to the stimulus era. An analyst told CNBC on Tuesday, that he foresees five rate cuts by April 2020.
Meanwhile, U.S. President Donald Trump has made new comments about the trading relationship with the European Union. "Dealing with the European Union is very difficult," Trump told reporters at the White House.
"We have all the cards in this country because all we have to do is tax their cars and they'd give us anything we wanted because they send millions of Mercedes over. They send millions of BMWs over," he added. Trump is due to meet with other EU leaders this week at the G-7 meeting in France.
On the data front, weekly mortgage applications are expected out at 7 a.m. ET, while a monthly reading on existing home sales is due at 10 a.m.
In terms of corporate earnings, Lowe's and Target report before the bell, whereas L Brands and Nordstrom will update investors after the bell. Lowe's reported second-quarter earnings that beat Wall Street's estimates.

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