FX.co ★ Wall Street Poised Open In Negative Zone

Initial indications from the U.S. Futures Index point to a likely downward opening for Wall Street. Asian markets mostly concluded the day with losses, and European stocks are generally trending negatively.

At 8:00 a.m. ET, the Dow futures fell by 336 points, while S&P 500 futures dropped by 53.75 points, and Nasdaq 100 futures declined 203.25 points.

On Friday, the main U.S. stock indexes ended in negative territory. The Dow finished 333.59 points lower, a drop of 0.77%, at 42,992.21, rebounding somewhat from its daily low of 42,761.56. The S&P 500 closed at 5,970.84, losing 66.75 points or 1.11%, after reaching a low of 5,932.95. The Nasdaq was down 298.33 points or 1.49% to end at 19,722.03, recovering slightly from its low of 19,533.40.

Regarding economic releases, the December Chicago PMI will be available at 9:45 a.m. ET, with expectations set for an increase to 42.7, up from 40.2 in the previous month.

The Pending Home Sales Index for November is due at 10:00 a.m. ET, with an anticipated rise of 0.9%, following a 2.0% increase in October.

The Dallas Fed Manufacturing Survey for December is scheduled for release at 10:30 a.m. ET. The prior month's data showed a general activity index decrease of 2.7 and a production index drop of 0.9 in November.

Additionally, a six-month Treasury bill auction is set for 11:30 a.m. ET.

In Asian markets, investors experienced mixed outcomes on Monday. The Shanghai Composite Index in China inched up by 0.21% to close at 3,407.33. However, Hong Kong's Hang Seng Index declined 0.24%, finishing at 20,041.42.

Japanese market indices saw significant declines; the Nikkei averaged a 0.96% drop to 39,894.54, and the broader Topix index settled down 0.60% at 2,784.92.

In Australia, markets reversed course to finish in negative territory. The benchmark S&P/ASX 200 fell by 0.32% to 8,235, and the broader All Ordinaries index decreased by 0.28% to end at 8,496.