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A Peek Into The Markets: U.S. Stock Futures Mostly Lower Ahead Of Consumer Confidence Report

GIII, KMDA, AAPL, CBKCQ, MCD | August 30, 2016

Pre-open movers

U.S. stock futures traded mostly lower in early pre-market trade. The S&P/Case-Shiller home price index for June will be released at 9:00 a.m. ET, while the Conference Board's consumer confidence index for August is schedule for release at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average fell 1 point to 18,488.00, while the Standard & Poor’s 500 index futures fell 0.75 points to 2,178.75. Futures for the Nasdaq 100 index declined 8.25 points to 4,785.00.

Oil prices traded higher as Brent crude futures gained 0.53 percent to trade at $49.52 per barrel, while US WTI crude futures also rose 0.70 percent to trade at $47.31 a barrel.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.69 percent, STOXX Europe 600 Index gaining 0.44 percent and German DAX 30 index gaining 0.87 percent. The UK's FTSE index was trading higher by 0.03 percent, while French CAC 40 Index climbed 0.76 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.07 percent, Hong Kong’s Hang Seng Index rose 0.85 percent, China’s Shanghai Composite Index gained 0.15 percent and India’s BSE Sensex gained 1.58 percent.

Broker Recommendation

Analysts at Baird upgraded McDonald's Corporation (NYSE: MCD) from Neutral to Outperform.

McDonald's shares fell 0.10 percent to $115.30 in pre-market trading.

Breaking news

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