|
 Several Federal Reserve officials are scheduled to speak this week,
including New York Fed President William Dudley on Monday.
The focus will firmly be on U.S. monetary policy after strong
second-quarter U.S. GDP data released on Friday sharpened the case
for a 2015 hike. Fed Chair Janet Yellen has said she expects rates
to be raised this year.
Investors have been jittery trying to gauge when the Fed will raise
rates amid concerns about slowing global growth.
Data due Monday includes consumer spending data for August, which is
expected to have risen 0.4 percent, compared with a 0.3 percent
increase in July. The data is expected at 8:30 a.m. ET (1230 GMT).
The week will culminate with non-farm payrolls data on Friday.
The S&P 500 and Nasdaq closed lower on Friday, wiping out gains from
a rally driven by Yellen's comments about a rate hike, as a selloff
in biotechs offset gains in banking shares.
The Dow, however, ended higher as Nike hit a record-high after
its first-quarter profit beat expectations.
Shares of Alcoa were up 6.2 percent premarket at $9.49 after the
metals company said it would split into two publicly-traded
companies.
Media General soared 26 percent to $14.05 after Nexstar
offered to buy the company in a deal valued at $4.1 billion. Nexstar
was untraded premarket.
[to top of second column] |
Sprint jumped 8 percent to $4.64 after the carrier said it
would not join the U.S. government's auction of airwaves set for
early 2016.
Futures snapshot at 7:22 a.m. ET:
* S&P 500 e-minis were down 10.5 points, or 0.55 percent, with
222,166 contracts traded.
* Nasdaq 100 e-minis were down 24.5 points, or 0.58 percent, on
volume of 40,195 contracts.
* Dow e-minis were down 85 points, or 0.52 percent, with 33,138
contracts changing hands.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Savio
D'Souza)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
