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Sep 17, 2019

U.S. Market | Futures Indicator: US futures point to slightly lower open

Silvia Amaro



U.S. stocks were set to open slightly lower Tuesday morning.
Around 5:50 a.m. ET, Dow futures indicated a negative open of more than 30 points. Futures on the S&P and Nasdaq were also marginally lower.
Wall Street ended mostly lower on Monday amid ongoing fears over a potential increase in oil prices, after drone strikes in Saudi Arabia. U.S. President Trump said he is not in a rush to respond to the attacks.
Meanwhile, investors start to shift their focus to an upcoming Federal Reserve meeting, starting Tuesday. There's uncertainty among market players about what the central bank will do. The recent increase in energy prices led some investors to believe that the Fed isn't in such a hurry to cut interest rates, CNBC reported.
Investors will be looking ahead to a new business leaders survey, due at 8:30 a.m. ET; industrial production numbers will be out at 9:15 a.m.; and the housing market index due at 10 a.m. ET.
On the earnings front, Cracker Barrel, Adobe, and FedEx will be reporting Tuesday.

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