Weak German and eurozone factory data is weighing on stock futures
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| | 9/23/2019 | |
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Global Growth Concerns Pressure Dow Futures | By Karee Venema | | Futures on the Dow Jones Industrial Average (DJI) are churning below fair value this morning, as disappointing manufacturing data out of Germany reignites concerns of a slowing global economy. Data from IHS Markit also showed a sharp slowdown in eurozone factory activity in August, too. U.S.-China trade headlines continue to swirl, as well, with Beijing saying a visit from deputy negotiators last week was cut short following "constructive" talks, according to China's Commerce Ministry. Futures on the S&P 500 Index (SPX) and the Nasdaq-100 Index (NDX) are lower with the Dow, as U.S. markets head toward a negative open. Continue reading for more on today's market, including: - Ferrari options volume revved up.
- Sale rumors sparked this high-volume Fitbit rally.
- Plus, Piper Jaffray is bullish on Lululemon; EXACT Sciences gets a Cologuard boost; and a healthcare stock soaring in pre-market trading.
| >> Continue reading... | |
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