Futures suggest modest rebound
2018-10-19 08:19:04
Stock futures are pointing to a modest rebound from yesterday's big selloff. The market is taking its lead from China stocks, which also saw a rebound when the nation's central bank assured that it will support the nation's financial system. This came after China's GDP report showed economic growth cooled to its weakest quarterly pace since the global financial crisis. Investors will be watching earnings reports and the existing home sales report, which is scheduled for release at 10:00 am ET. In early pre-market trading, Dow futures are 126 points above fair value, Nasdaq…
Stock futures are pointing to a modest rebound from yesterday's big selloff. The market is taking its lead from China stocks, which also saw a rebound when the nation's central bank assured that it will support the nation's financial system. This came after China's GDP report showed economic growth cooled to its weakest quarterly pace since the global financial crisis. Investors will be watching earnings reports and the existing home sales report, which is scheduled for release at 10:00 am ET. In early pre-market trading, Dow futures are 126 points above fair value, Nasdaq futures are 55 points above fair value and S&P futures are 12 points above fair value.