U.S. equities are mildly lower
U.S. equities are mildly lower after the slump yesterday migrated around the globe, while awaiting any fresh feedback on the policy outlook from the Fed minutes later, along with Fedspeak and the JOLTS data. The MBA report was rather weak after the back-up in yields/rates and that ongoing process may continue to provide some headwinds for stocks. The Dow is 44-points lower, S&P slipped 5-points and NASDAQ is off 15-point in pre-open trade. Asia was damp as the major Japanese indices sank roughly 1%, though China's CSI 300 was only off 0.2% and in Europe the Euro Stoxx 50 is 0.3% lower. Earning continue to remain in focus after Barracuda Networks surged 10% on a beat, while Apple rose after a Mizuho price target hike, on top of the windfall this week courtesy of Samsung's troubles. Samsung itself cut its profit outlook by a third after the Note 7 recall and subsequent abandonment.