Dow Futures Fall Ahead Of Durable Goods Report

Stock index futures ahead of this morning’s durable goods orders report indicate that the Dow Jones and S&P 500 may open lower today.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

LONDON — Stock index futures at 7am ET indicate that the Dow Jones Industrial Average (DJINDICES: ^DJI) may open down by 0.17% this morning, while the S&P 500 (SNPINDEX: ^GSPC) may open down by 0.14%. CNN’s Fear & Greed Index remains in the fear zone, and is set to open unchanged from Friday’s close, at 32, today.

In Europe, London markets were closed for a public holiday, but eurozone markets fell this morning. The biggest falls were seen in Italy, where investors are increasingly worried about the stability of the country’s government, and the likelihood of a snap election, which could delay progress with economic reforms and raise yields on Italian government debt. Italy’s biggest bank, UniCredit SpA, was down by 4.3% at 7am ET, while Italy’s FTSE MIB index was down by 2.44%. Elsewhere, the DAX was down 0.25%, and the CAC 40 was down 0.63%.

US investors will be watching for July’s durable goods orders report, which is due at 8.30am ET, and is expected to show that durable goods orders fell by 4.9% in July, after gaining 3.9% in June. Economic highlights due later this week include August’s consumer confidence index on Tuesday, July’s pending home sales on Wednesday and the revised second-quarter GDP estimate on Thursday, all of which may provide further clues as to the strength of the US recovery. Investors are becoming concerned that the Fed taper will cause the housing market to stall, after figures released on Friday showed that new home sales fell by 13.5% in July.

Companies that may be actively traded today include Microsoft. The Windows giant closed up by 7.3% on Friday, after the firm’s CEO, Steve Ballmer, announced his retirement, but the firm’s stock price was virtually unchanged in pre-market trading this morning. No major corporate earnings announcements are due today, but Onyx Pharmaceuticals was 5.7% higher in pre-market trading after news emerged that the firm has agreed a $10.4bn sale to Amgen, whose stock price was 5.6% higher in pre-market trading. Amgen’s decision to purchase Onyx is likely to have been influenced by Onyx’s recently-approved blood cancer drug Kyprolis, which analysts estimate may deliver more than $3bn in revenue by 2021, according to Bloomberg.

Finally, let’s not forget the Dow’s daily movements can add up to some serious long-term gains. Indeed, Warren Buffett recently wrote: “The Dow advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions.” If you, like Buffett, are convinced about the long-term power of the Dow, you should read “5 Stocks To Retire On“. Your long-term wealth could be transformed, even in this uncertain economy. Simply click here now to download this free, no-obligation report.

> Roland does not own shares in any of the companies mentioned in this article.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Uncategorized

Uncategorized

New look. Same Foolish investing.

Maybe you already noticed — things are looking a little different around here. At the top corner of our site,…

Read more »

Uncategorized

We have some exciting news!

You could even say it’s 25 years in the making...

Read more »

Uncategorized

Tesco PLC Is Doing All The Right Things And I’m A Buyer

I’m a big fan of how Tesco PLC (LON: TSCO) is turning itself around and here’s why…

Read more »

Uncategorized

What’s Stopped Me From Buying Gulf Keystone Petroleum plc Today

Royston Wild considers the investment case for Gulf Keystone Petroleum plc (LON: GKP).

Read more »

Uncategorized

What’s Stopped Me From Buying BHP Billiton plc Today

Royston Wild considers the investment case for BHP Billiton plc (LON: BLT).

Read more »

Uncategorized

3 FTSE Shares Hitting New Highs: National Express Group PLC, Brammer plc and Hilton Food Group plc

National Express Group PLC (LSE: NEX), Brammer plc (LON: BRAM) and Hilton Food Group plc (LON: HFG) set new records.

Read more »

Uncategorized

Should I Buy Legal & General Group Plc?

Legal & General Group plc (LON: LGEN) has seen its share price rise 50% in the last 12 months, Harvey…

Read more »

Uncategorized

How Direct Line Insurance Group PLC Will Deliver Its Dividend

What investors can expect from Direct Line Insurance Group PLC (LON:DLG)'s dividend.

Read more »