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Stocks - U.S. Futures Point to Steady Open After New Record Close

Published 09/14/2017, 06:53 AM
© Reuters.  Wall Street
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Investing.com - Wall Street futures were steady on Thursday, after yet another record close for U.S. stock markets on Wednesday, despite a lagging tech sector as a sharp rebound in oil prices lent support to energy-related shares.

The blue-chip Dow futures were down 0.03%, the S&P 500 futures dipped 0.6%, while the tech-heavy Nasdaq 100 futures slipped 0.12% by 06:50 a.m. ET (10:50 GMT).

The tech sector was likely to remain in focus on Thursday, as markets were still digesting the launch of Apple's iPhone 8 models, as well as the highly-anticipated iPhone X on Tuesday, and the disappointment caused by the group's decision to delay orders until October.

Apple shares (NASDAQ:AAPL) were down 0.16% in pre-market trade.

Energy-related stocks were also slated to be in focus, as oil prices continued to climb on Thursday, following news of a decline in global oil production for the first time since April.

Oil and gas major BP (LON:BP) saw its shares advance 0.67% pre-market.

Other movers could be Micron Technology (NASDAQ:MU), up 0.61% in pre-market trade after Goldman Sachs (NYSE:GS) upgraded the stock to "buy" from "neutral" on Wednesday.

In the health sector, Centene Corporation (NYSE:CNC) gained 0.79% in after-hour trade, adding to the more than 7% jump posted at the end of Wednesday's session, as the insurer said it would buy privately held Fidelis Care for $3.75 billion.

Market sentiment was also boosted by hopes a tax reform would soon be implemented by the administration, after U.S. President Donald Trump reached out to both Democrats and Republicans this week.

Trump said Wednesday on Twitter "the biggest Tax Cut & Tax Reform package in the history of our country will soon begin. Move fast Congress!"

Market participants were looking ahead to highly-anticipated U.S. inflation data, due later Thursday,as it could be a determining factor in the Federal Reserve's future interest rates decisions.

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