Nov 6, 2019

US Market | Futures Indicator Update: Dow futures pause ahead of the open after hitting another new high

Elliot Smith

U.S. stock index futures were little changed Wednesday morning after the Dow Jones Industrial Average posted a fresh record close on Tuesday.
Around 5:40 a.m. ET, Dow futures edged in and out of negative territory. Futures on the S&P 500 and Nasdaq also stalled.
Tuesday’s session saw the Dow inch 0.1% higher to close at another record, its third consecutive day of gains.
Investors are waiting for signals on an easing of the protracted trade dispute between the U.S. and China. The two sides are working toward a “phase one” deal, with China pushing for U.S. President Donald Trump to remove more tariffs imposed in September on around $125 billion worth of Chinese goods, according to reports.
On the data front, industrial productivity figures and unit labor costs data for the third quarter are due out at 9:30 a.m. ET.
Corporate earnings remain in focus, with FactSet data indicating that 75% of S&P 500 companies to report thus far have topped analysts’ expectations.
CVS Health and Humana are set to publish earnings before the bell Wednesday. Qualcomm, Expedia, TripAdvisor, Fox Corp, and Papa John’s are among those due to report after the bell.

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