+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Futures are flat

Mar 23, 2016, 17:28 IST

It's a quiet morning in stock-futures trading.

Advertisement

Near 7:36 a.m. ET, Dow, S&P 500 and Nasdaq futures were all up by less than 0.1%. Stocks closed little changed on Tuesday, with the Dow down 41 points.

Nike shares fell by as much as 5% pre-market after the company reported sales and outlook numbers Tuesday that fell short of analysts' expectations.

The dollar has regained a bit after a sharp fall in the wake of last week's dovish Fed decision. The dollar index climbed to as high as 95.83 on Wednesday.

The greenback is being supported by FOMC's members' comments this week supporting rate hikes, according to a note from Marc Chandler at Brown Brothers Harriman. On Tuesday, Fed presidents Patrick Harker and Charles Evans - of Philly and Chicago - spoke in support of continuing to normalize monetary policy.

Advertisement

Also, strong regional manufacturing surveys were released in recent days, including Tuesday's print from the Richmond Fed Manufacturing Index surged to 22 from -4 for February.

Meanwhile, gold turned in the other direction, falling more than 1%, or $14.90 an ounce, to a one-week low of about $1,231.70.

Gold since the Fed-meeting spikeInvesting.com

In data, new home sales numbers are expected at 10 a.m. ET. The Energy Information Administration will release its weekly crude oil inventory numbers at 10:30 a.m. The data from the American Petroleum Institute on Tuesday showed a build by 8.8 million barrels, more than expected.

NOW WATCH: Here's why you should never put Q-Tips in your ears

Please enable Javascript to watch this video
Next Article