U.S. futures are pegged to open lower Monday, with few new catalysts to justify adding to last week™s gains, and more than enough reason to be cautious ahead of the looming earnings season.
At 06:45 AM ET (10.45 GMT) the S&P 500 futures contract was down 3.4 points or 0.1% to 2,893.12, the Dow futures contract was down 71 points, or 0.3% to 26,325.0, while the tech-heavy Nasdaq 100 contract was down 6.4 points, or 0.1% to 7,578.84.
Pinterest has set its IPO bookbuilding range at $15-$17. The midpoint is over 20% below the $21.54 level at which it last raised funds. The range is a sign of caution among investors who witnessed a rocky first week for fellow tech-unicorn Lyft. Lyft, however, is set to open Monday at its highest level since debut day.
The biggest eye-catcher in premarket trade is Boeing, which has fallen 4.4% in response to news that it will cut production of its 737 MAX, amid negative news flow on software issues after two fatal crashes. It™s the first time the company has cut production of the 737 since the 9/11 attacks in 2001.
Source : Investing.com
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Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIB
Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend.
The Hang Seng index soared 2.57...