S&P futures suggest modest pullback at open
2017-09-13 07:45:55
S&P futures are pointing to modest losses at the open as investors hope the market can build on the rally of the past two days. The promise of tax reform has pushed stocks to record levels with the Dow, S&P and Nasdaq closing at new all-time highs. Investors will be looking at inflation data when the producer prices report is released today and they will also watch the weekly Department of Energy inventory report for clues on demand for oil products following the recent hurricanes. In early pre-market trading, Dow futures are 2 points above fair value, Nasdaq futures are 10 points…
S&P futures are pointing to modest losses at the open as investors hope the market can build on the rally of the past two days. The promise of tax reform has pushed stocks to record levels with the Dow, S&P and Nasdaq closing at new all-time highs. Investors will be looking at inflation data when the producer prices report is released today and they will also watch the weekly Department of Energy inventory report for clues on demand for oil products following the recent hurricanes. In early pre-market trading, Dow futures are 2 points above fair value, Nasdaq futures are 10 points below fair value and S&P futures are 4 points below fair value.