By Amy Caren Daniel
(Reuters) – S & P 500 and Nasdaq futures boosted earnings on Monday when investors took a cautious stance after a weak US job report has raised issues to curb global growth, while a slide in the planner Boeing's shares squeezed.
Boeing (NYSE 🙂 Co. tumbled 8.9 percent in premarket trading after many airlines grounded the world's largest planner's new 737 MAX 8 passenger jet after the second fatality in just five months.
It is now almost 7 percent away from its record high on September 20. The benchmark ended the week by 2.2 percent lower, the largest weekly decline since the market tumbled in late 201
The US report on Friday showed that employment growth almost stopped in February, which led to economic fears that were already cumbersome of a sharp decline in China's exports and after the European Central Bank slashed growth forecasts for the region last week.
When it comes to a lacking economy that sticks to the surface, the Ministry of Commerce's retail data will arrive at. 08:30 ET closely monitored.
Figures are expected to show that sales declined 0.1 percent in January after a shocking 1.2 percent fall in the previous month, suggesting a sharp decline in late 2018.
At a bright spot, the Federal Reserve Mayor Jerome Powell stuck to his clear message on Sunday. He said the central bank did not "rush" to change interest rates again, as it looks at how a slower global economy affects US conditions.
At 6:46 ET, Dow e-minis was down 173 points, or 0.68 percent. was up 1.5 points or 0.05 percent and was up 13.25 points or 0.19 percent.
China and the United States are still working day and night to achieve a trade agreement that matches both sides and the world hopes Apple Inc (NASDAQ 🙂 rose 1.7 percent after the Bank of America Merrill Lynch (NYSE 🙂 upgraded iPhone maker's stock to "buy" from Nvidia Corp. fell 1.4 percent after the chip maker said it would buy Mellanox Technologies Ltd for over 6.78 billion in cash. The Israeli chip designer jumped 9.4 percent.
In other news, on Monday, President Donald Trump will ask lawmakers to wander the military and wall he'll build on the US-Mexico border and cut other programs in the 2020 budget
The Republican President's proposal slated for release 11 : 30 (1530 GMT), expected to be rejected by Congress.
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