Investing.com - U.S. stock futures pointed to a lower open on Friday, as markets were jittery amid ongoing uncertainty over the future of the Federal Reserve's stimulus program.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.27% fall, S&P 500 futures signaled a 0.28% decline, while the Nasdaq 100 futures indicated a 0.12% loss.
Markets were jittery after two senior Fed officials said Tuesday that they would not rule out the withdrawal of stimulus measures at the bank’s September meeting.
Sentiment found some support however, data earlier showed that industrial production in China rose 9.7% in July, beating expectations for a 9.0% increase and easing concerns over a slowdown in the world’s second-largest economy.
Retailer J.C.Penney was likely to be in focus, following the eruption of a boardroom fight over the company's future leadership.
Hedge fund manager Bill Ackman demanded a faster search for a new chief executive, but the board claimed he was being "disruptive and counterproductive". Shares were down 3.95% in pre-market trade.
In the financial sector, JP Morgan was reportedly negotiating final terms of a deal with U.S. securities regulators to end a yearlong probe of derivatives bets that led to the bank’s biggest trading loss ever.
Shares in the U.S. lender climbed 0.80% in early trading.
Elsewhere, Monster Beverage dropped 0.76% pre-market after the energy drink distributor posted a smaller-than-predicted rise in quarterly net sales.
Among tech stocks, Blackberry Ltd. surged 8.88% in extended trading following reports the company is considering going private.
Other stocks likely to be in focus included NRG Energy, scheduled to post results later in the day.
Across the Atlantic, European stock markets were mixed. The EURO STOXX 50 dipped 0.01%, France’s CAC 40 slipped 0.11%, Germany's DAX eased 0.05%, while Britain's FTSE 100 added 0.33%.
During the Asian trading session, Hong Kong's Hang Seng Index advanced 0.70%, while Japan’s Nikkei 225 Index edged up 0.07%.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.27% fall, S&P 500 futures signaled a 0.28% decline, while the Nasdaq 100 futures indicated a 0.12% loss.
Markets were jittery after two senior Fed officials said Tuesday that they would not rule out the withdrawal of stimulus measures at the bank’s September meeting.
Sentiment found some support however, data earlier showed that industrial production in China rose 9.7% in July, beating expectations for a 9.0% increase and easing concerns over a slowdown in the world’s second-largest economy.
Retailer J.C.Penney was likely to be in focus, following the eruption of a boardroom fight over the company's future leadership.
Hedge fund manager Bill Ackman demanded a faster search for a new chief executive, but the board claimed he was being "disruptive and counterproductive". Shares were down 3.95% in pre-market trade.
In the financial sector, JP Morgan was reportedly negotiating final terms of a deal with U.S. securities regulators to end a yearlong probe of derivatives bets that led to the bank’s biggest trading loss ever.
Shares in the U.S. lender climbed 0.80% in early trading.
Elsewhere, Monster Beverage dropped 0.76% pre-market after the energy drink distributor posted a smaller-than-predicted rise in quarterly net sales.
Among tech stocks, Blackberry Ltd. surged 8.88% in extended trading following reports the company is considering going private.
Other stocks likely to be in focus included NRG Energy, scheduled to post results later in the day.
Across the Atlantic, European stock markets were mixed. The EURO STOXX 50 dipped 0.01%, France’s CAC 40 slipped 0.11%, Germany's DAX eased 0.05%, while Britain's FTSE 100 added 0.33%.
During the Asian trading session, Hong Kong's Hang Seng Index advanced 0.70%, while Japan’s Nikkei 225 Index edged up 0.07%.