U.S. Futures Lower As Boeing, GE Come Under Pressure
Monday, 8 April 2019 18:28 WIB |
MARKET UPDATE | Indeks berjangka ASS&P 500 Futures
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