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Politics, Tensions Limit Wall Street Pre-Bell; Asia, Europe Lower
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Politics, Tensions Limit Wall Street Pre-Bell; Asia, Europe Lower
Jun 17, 2024 4:56 AM

07:18 AM EDT, 06/17/2024 (MT Newswires) -- Wall Street futures pointed unevenly and modestly lower pre-bell Monday as traders grappled with the possibly changing face of European politics and wars in Eastern Europe and the Middle East.

The national May retail sales bulletin, an important indicator of US consumer spending power, posts on Tuesday pre-bell.

In the futures, the S&P 500 was down 0.1%, the Nasdaq was 0.1% higher, and the Dow Jones was off 0.2%.

Asian exchanges traded mostly lower overnight, with a 1.8% decline in Tokyo. Hong Kong was flat, as property stocks sagged. Retail sales and industrial production figures from Beijing for May were moderate.

European bourses edged lower midday on the continent.

Lennar (LEN, LEN.B) and La-Z-Boy (LZB) plan to report their earnings after-bell.

On the economic calendar is the Empire State Manufacturing Index for June at 8:30 am ET.

Philadelphia Federal Reserve President Patrick Harker speaks at 1 pm.

In premarket activity, Bitcoin traded at $65,704, West Texas Intermediate crude oil traded lower at $77.97, and 10-year US Treasuries offered 4.24%. Spot gold traded for $2,321 an ounce.

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