The market is again for a broadly grim start on Tuesday, as suggested by the early signs from U.S. Futures Index. The JOLTS report and Consumer Credit Report and Gallup Economic Confidence Index are the major economic announcement for the day. Asian shares closed mostly in the green, while European shares are trading down.
As of 6.30 am ET, the Dow futures were progressing 19 points, the S&P 500 futures were shedding 0.75 points and the Nasdaq 100 futures were slipping 2.50 points.
U.S. stocks closed higher on Monday. The Dow inched up 9.23 points or less than a tenth of a percent to 23,548.42, the Nasdaq rose 22.00 points or 0.3 percent to 6,786.44 and the S&P 500 crept up 3.29 points or 0.1 percent to 2,591.13.
On the corporate sector, Gallup’s Economic Confidence Index for October will be issued at 8.30 am ET. The previous level was 4.
Redbook, the weekly measure of comparable store sales at chain stores, discounters and department stores will be published at 8.55 am ET.
The Bureau of Labor Statistics’s JOLTS report for September will be released at 10.00 am ET. Economists are looking for consensus of 6.082 million compared to previous month job openings of 6.082 million.
Three-year Treasury Note Auction will be held at 11.30 am ET.
Federal Reserve Chair Janet Yellen will give acceptance remarks at the “Presentation of the Paul H. Douglas Award for Ethics in Government” in Washington at 3.00 pm ET.
Fed’s Consumer Credit report for September will be published at 3.00 pm ET. The consensus is for $17.4 billion, compared to $13.1 billion in August.
In the corporate sector, Porsche Automobil Holding SE reported that its group profit for the first nine months of fiscal 2017 was 2.195 billion euros, 34 percent higher than prior-year period’s 1.635 billion euros. According to the company, the group profit for the period was significantly influenced by the profit from the investment accounted for at equity in Volkswagen AG of 2.26 billion euros, compared to 1.69…