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Investor Sentiment Muted Amid Earnings, Data Lull as US Equity Futures Waver Pre-Bell
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Investor Sentiment Muted Amid Earnings, Data Lull as US Equity Futures Waver Pre-Bell
Oct 17, 2024 2:42 PM

09:05 AM EDT, 10/14/2024 (MT Newswires) -- US equity futures were narrowly mixed ahead of Monday's opening bell as investors stayed on the sidelines in a quiet day for both earnings and economic data.

The Dow Jones Industrial Average futures slipped 0.2%, S&P 500 futures gained 0.2%, and Nasdaq futures were up 0.3%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2% at $77.50 per barrel and US West Texas Intermediate crude 2.1% lower at $73.97 per barrel.

There are no major economic data releases due.

In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 0.8% lower, and China's Shanghai Composite finished 2.1% higher. Meanwhile, the UK's FTSE 100 gained 0.1% and Germany's DAX index rose 0.3% in Europe's early afternoon session.

In equities, shares of B. Riley Financial ( RILY ) were up nearly 23% pre-bell after the company said it has agreed to sell its Great American Group unit to Oaktree in a deal valued at $386 million. Longboard Pharmaceuticals ( LBPH ) shares were up 51% after the company said it agreed to be acquired by Lundbeck in a deal valued at $2.60 billion.

On the losing side, Boeing ( BA ) shares fell 2% after the company unveiled plans to cut jobs and issued Q3 loss guidance that surpassed Capital IQ analysts' estimates.

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