Futures lower as trade war rhetoric, earnings reporting continues
2018-07-19 07:18:01
Stock futures are suggesting a lower open as earnings reporting picks up in volume and trade war concerns continue to take center stage. Fed Chairman Powell echoed those concerns in his testimony this week and the release of the Fed's Beige Book yesterday showed companies are beginning to question the impact of Trump's trade policies. Earnings reports are beginning to pick up in number with several Dow components having reported last night and this morning. The economic calendar will include the weekly jobless claims data, Philadelphia Fed numbers, the leading economic indicators, and the weekly natural gas inventory report. In early pre-market trading, Dow futures are 75 points below fair value, Nasdaq futures are 24 points below fair value and S&P futures are 8 points below fair value.