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Stocks Rise Marginally Pre-Bell Lifted by Monetary Policy Views; Asia Down, Europe Up
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Stocks Rise Marginally Pre-Bell Lifted by Monetary Policy Views; Asia Down, Europe Up
Mar 22, 2024 5:10 AM

07:31 AM EDT, 03/22/2024 (MT Newswires) -- US equity futures were pointing marginally higher before the opening bell Friday, as traders assess fresh record-high closes on major indices against prospects for easing by major global central banks.

Standard & Poor's 500 futures, the Dow Jones Industrial Average and the Nasdaq all edged up 0.1% each in premarket trading. Asian were mostly tracking in the red while European bourses were heading north midday on the continent.

Nike (NKE) shares declined 6.3% pre-bell after the athletic footwear and apparel maker outlined expectations for its revenue to decline in the first half of fiscal 2025. FedEx (FDX) jumped 12% as the parcel delivery company's fiscal third-quarter earnings exceeded market estimates. Lululemon Athletica (LULU) dropped 13% after the company issued a downbeat short- and long-term guidance for sales and earnings.

Federal Reserve Chair Jerome Powell is scheduled to speak at 9 am ET, while Fed Vice Chair Philip Jefferson speaks at 10 am. Fed Vice Chair for Supervision Michael Barr is set to speak at 12:15 pm, while Atlanta Fed President Raphael Bostic speaks at 4 pm.

The weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm for Friday's thin economic calendar.

Before the open, bitcoin decreased 0.7% to $64,863, West Texas Intermediate crude nudged 0.1% lower to $81 a barrel, yields on 10-year Treasuries fell 2.8 basis points to 4.24% and gold slipped 0.8% to $2,168 an ounce.

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