Stock futures trade is mostly low as sales continue


US equity futures are trading mixed on the last trading day of the week.

The Dow futures are suggesting a decline of 0.1%.

Another slide by technology companies helped Wall Street reduce shares on Thursday, increasing losses from day one.

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Markets will pay full attention to the University of Michigan Preliminary Index of Consumer Perceptions for September. The final reading of 74.1 of August is expected to reach about 75. The conference board will be out for August with its major economic index. Look for month-over-month growth of 1.3%, slightly behind the 1.4% growth in July.

Asian stocks remained mostly high on Friday, despite uncertainties in global economies amid the coronovirus epidemic reverting to the attention of some investors.

On Friday, Japan’s benchmark Nikkei rose 0.2%, Hong Kong’s Hang Seng 0.5% and China’s Shanghai Composite rose 2.1%.

In Europe, London’s FTSE was down 0.3%, Germany’s DAX was down 0.1% and France’s CAC was down 0.4%.

Anchor Security The last Change Change %
Me: DJI Dow jones average 27901.98 -130.40 -0.47%
SP500 S&P 500 3357.01 -28.48 -0.84%
Me: comp NASDAQ Composite INDEX 10,910.26,4 -140.19 -1.27%

While Wall Street incurred more losses on Thursday, sales plummeted at the end of the day. The S&P 500 fell 28.48 points to close at 3,357.01 points. The Dow Jones Industrial Average closed down 130.40 points or 0.5% at 27,901.98. It registered a fall of 384 points.

The Nasdaq Composite, which is heavy with technology shares, slipped 140.19 points or 1.3% to 10,910.28.

The Federal Reserve stated that the day after the sale it would keep interest rates at almost zero to support the wheezing economy. The statement failed to encourage Wall Street and the S&P 500 recorded its first loss in four days on Wednesday.

The number of American workers applying for unemployed benefits is gradually decreasing, but it is historically high. Such signs of a weak recovery and a possible second wave of the virus are being liked by investors.

Another possibility for the decline in the US market over the past two days is that Congress will provide more aid to the economy than it has ever had, after the benefits for the recently terminated unemployed workers and other stimuli. Investors say such assistance is critical to recovery.

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In energy trading, benchmark US crude rose 6 cents to $ 41.03 a barrel. Internationally, Brent crude rose 11 cents to $ 43.41 a barrel.

The Associated Press contributed to this article.