A Peek Into The Markets: US Stock Futures Tumble Ahead Of Initial Jobless Claims Data
U.S. stock futures traded down in early pre-market trade, after closing mostly lower in the previous session as the Federal Reserve maintained its current fed funds target range of zero to 0.25%. Investors are awaiting earnings from Apogee Enterprises Inc (NASDAQ: APOG) and Cantel Medical Corp. (NYSE: CMD). Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts project claims declining to 850,000 for the September 12 week, from 884,000 in the previous week. Data on housing starts and building permits for August and the Philadelphia Fed manufacturing index for September will be released at 8:30 a.m. ET.
Futures for the Dow Jones Industrial Average dropped 260 points to 27,794 while the Standard & Poor’s 500 index futures traded fell 34 points to 3,355.50. Futures for the Nasdaq 100 index declined 94.50 points …