Investors should be aware of the following five essential points before beginning the trading day:
1. August’s conclusion As the main averages approach the last trading day of August, stock futures rose on Friday morning. S&P 500 futures increased by 0.4%, while Dow Jones Industrial Average futures climbed by 0.2% and Nasdaq 100 futures improved by 0.7%.
2. Prior to PCE On Friday morning, Wall Street will get a second peek at the Fed’s preferred inflation indicator. The personal consumption expenditures price index from the Commerce Department is scheduled to release with a new reading at 8:30 a.m. ET.
3. Retail evaluation For the most part, retail earnings are behind us. The quarterly results for American Eagle, Best Buy, Dollar General, Gap, Lululemon, and Ulta Beauty were all released on Thursday (one of them several hours ahead of schedule).
4. Acquiring Intel CPU is weighing its alternatives. The formerly leading computer manufacturer has hired experts to assess its strategic options.
5. No new aircraft Planes or profits? Delaying the purchase of new aircraft is the latest cost-cutting move being made by cash-strapped airlines in an effort to maintain profitability.
Source (CNBC)
