Stocks – U.S. Futures Attempt to Recover From Volatile Week
Investing.com – U.S. futures bounced back slightly on Friday, but were still far from recovering from losses caused earlier in the week by political drama at the White House and problems with some high-profile IPOs.
President Donald Trump threatened on Thursday to retaliate against the whistleblower who exposed a call between Trump and the Ukrainian president that led to the House formally launching an impeachment inquiry.
Uncertainty remains about whether or not the Republican Party will stick by Trump.
Meanwhile, U.S.-China trade talks are set to resume on October 10 in Washington, which Trump said earlier this week the two were close to making a deal. China’s top diplomat said on Thursday that
gained 27 points or 0.4% by 6:41 AM ET (10:41 GMT), while rose 73 points or 0.3% and were up 9 points or 0.3%.
Micron (NASDAQ:) slumped 6% in premarket trade after it forecast a disappointing holiday season due to falling demand for its memory products. Other chipmakers were also down, with NVIDIA (NASDAQ:) slipping 1.4% and Western Digital (NASDAQ:) losing 2%.
Las Vegas Sands (NYSE:) surged 4.8% after news that it is joining the , replacing Nektar Therapeutics (NASDAQ:).
Meanwhile, Delta Air Lines (NYSE:) was in focus after it said it will buy a 20% stake in LATAM Airlines (NYSE:) for $1.9 billion plus a $350 million investment commitment. The move would significantly expand its footprint in South America.
On the data front, , , and are released at 8:30 AM ET.
In commodities, futures lost 1.4% to $55.62 a barrel after The Wall Street Journal reported that Saudi Arabia had . were down 1.2% to $1,497.55 a troy ounce, while the , which measures the greenback against a basket of six major currencies, inched down 0.1% to 98.887.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.