Futures Suggest Wall Street Might Open On A Negative Note

The U.S. Futures Index suggest that Wall Street might open lower. The consumer prices and retails sales prices index are eagerly awaited by the market. Asian shares closed mixed, while European shares are trading mixed.

As of 6.30 am ET, the Dow futures were slipping 10 points, the S&P 500 futures were shedding 2.00 points and the Nasdaq 100 futures were slipping 1.50 points.

U.S. stocks closed modestly higher. The Dow crept up 20.95 points or 0.1 percent to 21,553.09, the Nasdaq rose 13.27 points or 0.2 percent to 6,274.44 and the S&P 500 edged up 4.58 points or 0.2 percent to 2,447.83.
On the economic front, The Labor Department’s Consumer Price Index for June will be published at 8.30 am ET. The economists are looking for growth consensus of 0.1 percent, compared to a decline to 0.1 percent in the previous period.

The Commerce Departments, Retail Sales Index for June will be issued at 8.30 am ET. The consensus is for a growth of 0.1 percent, while it declined 0.3 percent in May.

Fed’s Industrial Production data for June will be revealed at 9.15 am ET. The consensus is for a growth of 0.3 percent. Manufacturing data is expected to grow by 0.2 percent, compared to a decline of 0.4 percent in the previous month.

Dallas Federal Reserve Bank President Robert Kaplan will speak at a moderated Q&A session at the Conference on the Federal Reserve and monetary policy hosted by the Center for Economic Studies of the Private Sector in Mexico City, with audience and media Q&A at 9.30 am ET.

Department’s of Commerce’s Business Inventories Data for May will be released at 10.00 am ET. The consensus is for a growth of 0.3 percent, compared to a decline of 0.2 percent in April.

The Institute for Social Research of the University of Michigan’s Consumer Sentiment Index for July is expected at 10.00 ET. The consensus is for 95.1 unchanged from last month.

In the corporate sector, Software exporter Infosys Technologies Ltd. reported that its profit attributable to owners of the…

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