Wall Street Set To Open In Red Territory As Tech Sector Drags; Data, Fed Speeches Eyed

This is source I found from another site, main source you can find in last paragraph

U.S. stocks were set for a lower open Tuesday as the European Commission slapped Alphabet's (GOOG, GOOGL) Google division with a hefty fine, pressuring the rest of the technology sector, and as traders awaited data on the economy and key speeches from the Federal Reserve.

Oil prices bounced higher with global benchmark Brent crude up 1.46% and U.S. benchmark West Texas Intermediate up 1.24% recently as the commodity looked to a fourth round of gains, but stayed volatile amid indications U.S. shale production will continue to rise.

At 9:00 a.m., data are expected to show the Case-Shiller's 20-city index posting a 0.6% gain for April vs prior gain of 0.9%, according to data compiled by Econoday.

At 10:00 a.m., forecasters see consumer confidence is expected to come in at 116.7 in June. The Richmond Fed Manufacturing Index is expected to bounce higher to 8 in June.

Federal Reserve Presidents John C. Williams, Patrick Harker, and Neel Kashkari and Chairwoman Janet Yellen are all scheduled to give speeches.

In equities, shares of Merck & Company ( MRK ) were 1.9% higher pre-bell after reporting that its Reveal outcomes study of Anacetrapib met its primary endpoint.


-Dow Jones Industrial down 0.06%

-S&P 500 futures down 0.06%

-Nasdaq 100 futures down 0.37%

-Nasdaq 100 pre-market indicator down 0.36%


Nikkei up 0.36%

Hang Seng down 0.12%

Shanghai Composite up 0.18%

FTSE-100 down 0.10%

DAX-30 down 0.66%


(+/-) Large cap tech: mixed

(-) Chip stocks: unchanged to lower

(-) Software stocks: unchanged to lower

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+) Oil stocks: unchanged to higher

(+) Biotech stocks: unchanged

(+/-) Drug stocks: mixed

(+) Financial stocks: unchanged to higher

(-) Retail stocks: unchanged to lower

(+/-) Industrial stocks: mixed

(-) Airlines: unchanged to lower

(-) Autos: unchanged to lower


(+) S (+5.7%) Reportedly in talks with Charter, Comcast on wireless partnership

(+) TOPS (+30.9%) Reports key financial information after reverse stock split

(+) ABIL (+2.1%) Regains Nasdaq compliance


(-) ARR (-4.3%) Initiates public offering of 4.5 million shares

(-) GOOGL (-1.3%) Fined EUR2.42 billion in Europe for breaching antitrust rules

(-) WHF (-5%) To offer 2.5 million shares of common stock

This is source I found from another site, main source you can find in last paragraph

Source : http://www.nasdaq.com/article/wall-street-set-to-open-in-red-territory-as-tech-sector-drags-data-fed-speeches-eyed-cm808522



Wall Street Set to Open in Red Territory as Tech Sector Drags; Data, Fed Speeches Eyed
If We Want Electric Autonomous Cars They’ll Need A Hell Of A Lot More Juice
FTSE CLOSE: Footsie slips on more US Fed uncertainty; Lloyds stays flat in spite of St James's sell-off
Pound continues to punish jittery euro; Yellen says the Fed should be wary of moving too gradually
First Read
BusinessNow: Live coverage of financial markets and companies, plus analysis and opinion
Is This "The Death of a Visionary Progressive Movement?"
Pound hits one-week low after BoE trims inflation forecasts, while investors shrug off Labour's leaked manifesto
Today's Top News (15 Videos)