U.S. markets open in 4 hours 46 minutes
  • S&P Futures

    4,362.50
    +19.25 (+0.44%)
     
  • Dow Futures

    33,963.00
    +165.00 (+0.49%)
     
  • Nasdaq Futures

    15,068.25
    +44.25 (+0.29%)
     
  • Russell 2000 Futures

    2,193.80
    +12.90 (+0.59%)
     
  • Crude Oil

    71.69
    +1.20 (+1.70%)
     
  • Gold

    1,775.50
    -2.70 (-0.15%)
     
  • Silver

    22.69
    +0.08 (+0.37%)
     
  • EUR/USD

    1.1733
    +0.0003 (+0.02%)
     
  • 10-Yr Bond

    1.3240
    0.0000 (0.00%)
     
  • Vix

    23.15
    -2.56 (-9.96%)
     
  • GBP/USD

    1.3638
    -0.0026 (-0.19%)
     
  • USD/JPY

    109.5100
    +0.2900 (+0.27%)
     
  • BTC-USD

    42,322.50
    -979.10 (-2.26%)
     
  • CMC Crypto 200

    1,053.90
    -9.95 (-0.94%)
     
  • FTSE 100

    7,044.89
    +63.91 (+0.92%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

A Peek Into The Markets: US Stock Futures Mostly Flat Ahead Of Consumer Price Index

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Pre-open movers

U.S. stock futures traded mostly flat in early pre-market trade after the Dow Jones jumped more than 250 points in the previous week. Investors are awaiting earnings results from Core & Main, Inc. (NYSE: CNM), and Skillsoft Corp. (NYSE: SKIL)

The NFIB small business optimism index for August is scheduled for release at 6:00 a.m. ET, while the Consumer Price Index for August will be released at 8:30 a.m. ET. Analysts expect a 0.4% overall rise in August prices, with a 0.3% growth for the core prices.

Futures for the Dow Jones Industrial Average gained 16 points to 34,886.00 while the Standard & Poor’s 500 index futures rose 3.75 points to 4,472.75. Futures for the Nasdaq 100 index fell 1.25 points to 15,435.50.

The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 41,221,270 with around 662,130 deaths. India reported a total of at least 33,289,570 confirmed cases, while Brazil confirmed over 21,006,420 cases.

Oil prices traded higher as Brent crude futures rose 0.9% to trade at $74.17 per barrel, while US WTI crude futures rose 0.8% to trade at $71.03 a barrel. The API’s report on crude oil stocks will be released later during the day.

A Peek Into Global Markets

European markets were mixed today. The Spanish Ibex Index rose 0.1% and STOXX Europe 600 Index slipped 0.1%. The French CAC 40 Index fell 0.6%, London’s FTSE 100 fell 0.2% while German DAX 30 gained 0.1%. Spanish consumer prices increased 3.3% year-over-year r in August following a 2.9% increase in the previous month. The UK unemployment rate dropped to 4.6% in the three months to July.

Asian markets traded mostly higher today. Japan’s Nikkei 225 rose 0.73%, Hong Kong’s Hang Seng Index fell 1.21%, while China’s Shanghai Composite Index fell 1.42%. Australia’s S&P/ASX 200 rose 0.2% and India’s BSE Sensex gained 0.2%. Annual wholesale price inflation rate in India rose to 11.39% in August from 11.16% in the prior month. Industrial production in Japan fell 1.5% in July. The NAB business confidence index in Australia increased to -5 in August, while house price index rose by 6.7% on quarter in the second quarter.

Broker Recommendation

Raymond James maintained Leap Therapeutics, Inc. (NASDAQ: LPTX) with an Outperform and raised the price target from $3 to $4.

Leap Therapeutics shares fell 2.3% to $1.73 in pre-market trading.

Check out other major ratings here

Breaking News

  • Oracle Corporation (NYSE: ORCL) reported better-than-expected earnings for its first quarter, while sales missed estimates. The company said it expects total revenue to grow between 3% and 5% for the second quarter.

  • South Korea’s antitrust regulator has slapped Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google a fine of $177 million, Bloomberg News reported on Tuesday.

  • Intuit Inc (NASDAQ: INTU) agreed to buy privately-held email marketing firm Mailchimp for $12 billion in cash and stock.

  • Herbalife Nutrition (NYSE: HLF) revised its guidance for the third quarter and full year 2021. The company said it sees Q3 adjusted earnings of $1.00 to $1.20 per share. Herbalife updated its full year adjusted earnings guidance to a range of $4.55 to $4.95 per share, while adjusted EBITDA is being lowered to a range of $860 million to $910 million.

Check out other breaking news here

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.