Futures on U.S. stocks decline ahead of fed meeting

Futures on U.S. stocks decline ahead of fed meeting


Futures on the index of wide market S&P 500 fell by 0.19%, futures on the DJIA index is 0.14%, the index futures high-tech companies NASDAQ – on 0,22%.

MOSCOW, 26 Jan. Futures on U.S. stock indexes on Monday showing a weak negative trend, as investors prefer to remain cautious in anticipation of the next meeting of the Federal reserve, as well as internal corporate news, according to AFP.

As at 14.51 GMT, futures on the index of wide market S&P 500 dropped 0.19% to 2062 points, the futures on the index DJIA — on 0,14%, to 17522 points, the index futures high-tech companies NASDAQ — on 0,22%, to 4601,25 item.

The next fed meeting will take place on 27-28 October, and investors expect that the regulator will keep the base rate at its lowest level and will postpone the tightening of monetary policy in 2016.

On investor sentiment on Monday is influenced by news from American companies. In particular, the American Corporation Xerox announced that by the end of the third quarter reported a loss of $ 31 million against a profit of 272 million a year earlier. Diluted loss per share amounted to $ 0.04, while analysts were looking for profit at the level of 0.23 USD per share.

This week market participants also await earnings reports from major U.S. companies like Apple, Pfizer and Chevron.

In addition, the census Bureau of the U.S. Department of Commerce in the first hours of trading on Monday will report data on new home sales in the U.S. in September. According to analysts, the index decreased by 0.36% compared with the indicator of August — up to 550 thousand.