US Futures Decline on weak European data at Investing.com
© Reuters. Investing.com – US futures were lower on Friday after new data showed a strong fall in production activity in Europe and increased concerns over a global downturn.
A preliminary index reading for activity in the Eurozone fell to its lowest level since 2013, adding to the concerns over the growth that prompted the Federal Reserve to signal Wednesday that it no longer expects to raise interest rates this year.
fell 1[ads1]14 points to 0.4% at 6:42 ET (10:42 GMT), while lost 11 points or 0.4% and tech-heavy were down 27 points or 0.4%.
Nike (NYSE 🙂 slumped 4.3% in premarket trading by sportswear company's North American sales expectations. Boeing (NYSE 🙂 snapped 0.2% on news that the Indonesian airline Garuda cancels its 737 Max 8 jet order after two fatalities involving the model. The first airline takes such a step.
Meanwhile, Micron's semiconductor (NASDAQ:) fell 0.7% after skipping 9% on Thursday, while Amazon.com (NASDAQ 🙂 lost 0.5% and Carnival (NYSE 🙂 was down 1, 1%.
Elsewhere, Pearson (NYSE 🙂 jumped 4.6% after JP Morgan updated the education firm to overweight from neutral, while Walt Disney (NYSE 🙂 got 0.2% and Tesla (NASDAQ: ) 0.7% on the news that it brings back the customer update program only months after saying it was over.
In goods up 0.4% to $ 1.313.65 was a troy ounce, while it fell by 0.9% to $ 59.42. The one who measures the greenback against a basket of six major currencies rose 0.1% to 95.093.
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