Market opens lower as Fed minutes awaited
2017-02-22 09:43:52
Stock futures traded below fair value for most of the early session, leading to a lower open for the broader market. Today's activity will be overshadowed by the anticipation of the release of the minutes from last month's FOMC meeting, scheduled for 2 pm ET. The market will also be looking to comments from Fed Governor Jerome Powell, who will be speaking on the economy in New York City this afternoon. Prior to that investors will see data on housing, with a report on existing home sales to be released at 10 am ET. In early trading, the Dow is down 43 points, the Nasdaq is down 17…
Stock futures traded below fair value for most of the early session, leading to a lower open for the broader market. Today's activity will be overshadowed by the anticipation of the release of the minutes from last month's FOMC meeting, scheduled for 2 pm ET. The market will also be looking to comments from Fed Governor Jerome Powell, who will be speaking on the economy in New York City this afternoon. Prior to that investors will see data on housing, with a report on existing home sales to be released at 10 am ET. In early trading, the Dow is down 43 points, the Nasdaq is down 17 points and the S&P is down 7 points.