Futures drift lower in early trading as Netflix drops
2018-07-17 06:53:55
Stock futures are drifting lower as the market adjusts to the subscriber miss reported last night from Netflix (NFLX), which has prompted a pullback in the streaming service operator's shares. The earnings season kicks off in earnest this week with some of the nation's largest corporations scheduled to report. The economic calendar has data on industrial production, manufacturing and the housing market scheduled for release this morning. Oil prices are lower in early trading on concerns of oversupply as the price of crude dips below $68 a barrel. In early pre-market trading, Dow…
Stock futures are drifting lower as the market adjusts to the subscriber miss reported last night from Netflix (NFLX), which has prompted a pullback in the streaming service operator's shares. The earnings season kicks off in earnest this week with some of the nation's largest corporations scheduled to report. The economic calendar has data on industrial production, manufacturing and the housing market scheduled for release this morning. Oil prices are lower in early trading on concerns of oversupply as the price of crude dips below $68 a barrel. In early pre-market trading, Dow futures are 31 points below fair value, Nasdaq futures are 67 points below fair value and S&P futures are 9 points below fair value.