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Futures suggest modest opening losses

  • Investors are peeling back from recent record highs, taking a defensive stance on risk amid a new set of sanctions on Iran and as U.S. officials downplayed expectations for a breakthrough on China talks at this weekend's G20 summit.
  • U.S. equity futures dipped 0.2% overnight, setting up the S&P 500 for its first three-day decline since early May, while gold rose to a fresh six-year high of $1,438.63 per ounce, taking its three-month gain past 8.8%.
  • Market focus is also largely attuned to the U.S. central bank, with no less than five Fed policymakers, including Chair Jerome Powell, scheduled to speak today.
  • ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, OTC:SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV

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Comments (11)

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EFLrainman110 profile picture
They're won't be a deal until after the election. The speaker thinks she's in elementary school.
w
What else ISN'T in the news - whatever the US House is working on budget wise. There was a story out last week about a $1T spending bill that came out about the same time the market showed its burst upward. Even with Iran shooting down an American UAV!!!!

US Budget - #1 source of money for the economy.
And now nice gains- reality is market is TBTF now.
djunh1 profile picture
if i had to guess, nothing is going to move much until anything new about a trade deal ( or lack of one) hits the news wire.
N
So pretty much we wait till we'll into 2020? :p
N
Well into*
djunh1 profile picture
you might be more right than you think. Trump knows he won't get the Chinese to budge on certain things that are key to his campaign. On the other side of that taken, he needs his dow to stay high. He needs to push this thing as far down as he can.

but when I say news, I mean any news. For all we know, China could publish something that says trade talks exploded and american markets might react.
J
Everything isn’t breaking news
J
AMEN
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