Dow futures point to higher open in spite of post-earnings slide in Nike
2016-09-28 08:42:16
Stock index futures are pointing toward a higher open for the broader market with the Dow looking like it will be able to post a positive start to the session despite the weight of Nike (NKE), which is down almost 3% in pre-market trading after the company's earnings report last night. Durable goods orders were flat in August, versus expectations for them to be down 1.5%. Excluding transportation, durable good orders were down 0.4% last month, which was better than the forecast for the ex-transportation measure to be down 0.5%. In early trading, Dow futures are 18 points above fair value,…
Stock index futures are pointing toward a higher open for the broader market with the Dow looking like it will be able to post a positive start to the session despite the weight of Nike (NKE), which is down almost 3% in pre-market trading after the company's earnings report last night. Durable goods orders were flat in August, versus expectations for them to be down 1.5%. Excluding transportation, durable good orders were down 0.4% last month, which was better than the forecast for the ex-transportation measure to be down 0.5%. In early trading, Dow futures are 18 points above fair value, Nasdaq futures are 5 points above fair value and S&P futures are 1 point above fair value.