Top

Blog

US Futures are Slightly Lower This Morning as Investors Grew More Concerned About Lower Oil Prices

US futures are slightly lower this morning as investors grew more concerned about lower oil prices.  All 3 major US indices fell yesterday as oil fell, going into correction territory following yesterday’s 2 % drop.  Crude is trading around $43.50 and Brent is right around $46.00 a barrel.  In economic data, mortgage applications rose 0.6 percent and later today we will get data for existing home sales.  Markets in Asia closed mostly lower on the fall in oil prices except for the Shanghai index which closed higher after MSCI decided to add China A shares to its benchmark emerging market index.  European markets are trading lower led by the CAC.

US Futures are Slightly Lower as Investors Remain ...
US Futures are Slightly Lower This Morning After Y...

© 2017 United Asset Strategies, Inc  666 Old Country Road, Suite 104  Garden City, NY 11530 | P. 516-222-0021 | F. 516-222-0163 | info@unitedasset.com| Privacy Policy | ADV