Futures point to steady to lower open

|By:, SA News Editor

Financial markets are starting the month on uncertain footing as investors digest OPEC's output cut and await the release of U.S. data (auto sales, jobless claims and PMI & ISM manufacturing).

Despite the surge in oil prices, U.S. futures are following yesterday's slight decline on Wall Street, while the dollar retreats from a nine-month high.

The fixed income outlook today isn't looking great either, with the 10-year Treasury yield climbing another 4 bps to 2.41%. Gold -0.3% to $1170/ounce.

ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, BXUB, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, TALL