US futures signal a muted open after Powell comments send stocks lower - CNBC

U.S. stock index futures edged higher on Thursday morning, as market participants digested comments from the Federal Reserve.

Around 6:20 a.m. ET, Dow futures indicated a positive open of about 30 points. Futures on the S&P and Nasdaq were both marginally higher.

Wall Street closed lower on Wednesday on the back of new comments from Chairman Jerome Powell. The central bank kept rates unchanged, but it dented some speculation about a potential rate cut on the horizon.

Ahead of the meeting, President Donald Trump had asked the central bank to cut rates and increase stimulus.

In the corporate world, Kellogg, Under Armour, CBS, Expedia, and Gilead Sciences are due to report.

On the data front, there will be jobless claims, productivity data, and unit labor costs at 8:30 a.m. ET, followed by factory orders at 10 a.m. ET.

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https://www.cnbc.com/2019/05/02/stock-market-traders-digest-fed-comments-earnings-and-jobless-data.html

2019-05-02 07:36:41Z
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