Equity Futures Slide in US Pre-Bell Trading to Signal Weaker Open; Europe Drops, Asia Mixed

7:29AM ET 9/28/2021 MT Newswires
Stocks were signaling a weaker opening on Tuesday as futures slid ahead of the bell with traders eyeing global energy issues and appearances of Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen before the Senate Banking Committee at 10 am ET.

Standard & Poor's 500 futures were down 0.8%, the Nasdaq declined 1.5% and the Dow Jones Industrial Average was off 0.4%.

Asia traded mixed, with the Nikkei 225 down 0.2% while Hong Kong and Shanghai gained, even amid reports of a power supply crunch in parts of China. Europe was broadly lower, with the FTSE 100 off by 0.4% as Britain continued to face gasoline shortages.

IHS Markit (INFO), FactSet Research (FDS) and Thor Industries (THO) are reporting earnings pre-bell, among others.

On the economic calendar are the advance reports for international trade in goods, retail inventories, and wholesale inventories at 8:30 am ET. The July Case-Shiller Home Price Index and also the July FHFA House Price Index post at 9 am. The Conference Board's September Consumer Confidence report follows at 10 am, along with the Richmond Fed manufacturing index.

Chicago Federal Reserve President Charles Evans speaks at 9 am, St. Louis President James Bullard at 1:40 pm and 7 pm, and Atlanta Fed President Raphael Bostic at 3 pm.

Bitcoin fell 2.6% to $42,003, West Texas Intermediate crude was up 1.1% to $76.28 a barrel, 10-year US Treasuries rose 5 basis points to 1.537% and gold was down 1.1% to $1,732.80 an ounce.