Wall Street Edges Forward Pre-Bell; Futures Green, Europe Lower

Friday, February 26, 2021 6:32 AM | MT Newswires

Wall Street futures were in the red in recent, pre-bell trade on Friday following losses taken Thursday amid falling tech-sector valuations and rising interest rates.

European bourses were tracking lower, undercut by oil issues, and Asian exchanges finished sharply lower on the tech rout.

West Texas Intermediate crude oil futures were 0.9% lower at $62.96 per barrel in recent pre-market trade, 10-year US Treasuries offer 1.48% and gold was down 0.9% at $1759 per ounce recently.

On the economic calendar is the January personal income and outlays report at 8:30 am ET. Also posting at 8:30 am ET is the advance international trade in goods bulletin, and the advance retail and wholesale inventories releases.

The Chicago PMI posts at 9:45 am ET, and then the University of Michigan consumer confidence index for February at 10 am. The weekly Baker Hughes domestic oil-and-gas rig count bulletin will be released at 1 pm and farm prices will be issued at 3 pm.

In futures, the S&P 500 was down 0.1% and the Dow Jones Industrial Average was 0.3% lower recently.

In Europe, the British FTSE 100 Index was off 0.9%, the French CAC was down 0.7%, and the German DAX was 0.5% lower recently.

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