U.S. futures indicate a potential lower opening for Wall Street on Tuesday, influenced by retail sales and industrial production reports scheduled for release. In Asian markets, both gold and oil prices saw slight increases.
As of 7:50 AM ET, Dow futures had fallen by 180 points, S&P 500 futures were down 21 points, and Nasdaq 100 futures had decreased by 53.50 points.
On Monday, U.S. major stock indices closed mostly higher. The Nasdaq, despite retreating from its peak towards the end of the day, added 247.17 points or 1.2%, ending at 20,173.89. Meanwhile, the S&P 500 rose by 22.99 points (0.4%) to close at 6,074.08. Conversely, the Dow Jones Industrial Average diverged from this upward trend, dropping 110.58 points or 0.3% to finish at 43,717.48.
Economic data scheduled for release include the Business Inventories for October, expected at 10:00 AM ET, with a consensus anticipating a 0.2% rise following a 0.1% increase the previous month. The Housing Market Index for December is also set to be released at 10:00 AM ET, with an expected index level of 47, compared to 46 in November. The Treasury Department will conduct a 20-year Treasury bond auction at 1:00 PM ET.
Retail Sales data for November will be available at 8:30 AM ET, predicted to show a 0.5% increase compared to a 0.4% rise in October. The Industrial Production report for November is due at 9:15 AM ET, with expectations of a 0.3% increase following a 0.3% decline in the previous month.
Asian markets experienced mixed results on Tuesday. China's Shanghai Composite Index decreased by 0.73% to 3,361.48, and Hong Kong's Hang Seng Index dropped 0.48% to 19,700.48. Japanese markets closed slightly down, with the Nikkei average falling 0.24% to 39,364.68, and the Topix index decreasing by 0.37% to 2,728.20. However, Australian markets broke a five-day losing streak with notable gains; the S&P/ASX 200 jumped 0.78% to 8,314, and the All Ordinaries Index increased by 0.76% to 8,558.60.
The material has been provided by InstaForex Company -
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