Market under pressure following bellwether earnings reports
2017-07-21 10:17:14
Stock futures drifted during the pre-market trading session and closed below fair value, which led to a lower open for the broader market, though it remains near all-time highs. The Nasdaq is working on a 10-day win streak but is under early pressure with Microsoft (MSFT) shares down fractionally following its earnings report. The Dow and S&P are also heavy as shares of General Electric (GE) are down nearly 5% in the early going. Oil prices are also under pressure following a report that OPEC supply is at its highest since December 2016. About 45 minutes into trading, the Dow is down 75…
Stock futures drifted during the pre-market trading session and closed below fair value, which led to a lower open for the broader market, though it remains near all-time highs. The Nasdaq is working on a 10-day win streak but is under early pressure with Microsoft (MSFT) shares down fractionally following its earnings report. The Dow and S&P are also heavy as shares of General Electric (GE) are down nearly 5% in the early going. Oil prices are also under pressure following a report that OPEC supply is at its highest since December 2016. About 45 minutes into trading, the Dow is down 75 points, the Nasdaq is down 12 points and the S&P is down 6 points.