US Stock Index Futures Mostly Lower
Futures on major US stock indexes mostly declined on Friday amid uncertain prospects for the world's largest economy, according to trading data.
As of 15.02 GMT, the Dow Jones industrial average (DJIA) futures were down 0.45% to 26,588 points, the NASDAQ high — tech index was up 0.13% to 10,906.62 points, and the S&P 500 broad market index futures were down 0.26% to 3,229. 8 points.
The dynamics of futures indicate that markets may open in the red. Pressure on investor sentiment is exerted by uncertainty about the prospects for the US economy and measures to support it.
The US authorities are still unable to agree on the amount of additional support for the economy. President Donald Trump is proposing to allocate about $1 trillion in addition to the roughly $ 3 trillion already spent, while Democrats want up to $2 trillion in additional funding.
The prospects for economic recovery have been the focus of wall street's attention in recent weeks. As noted by CNBC, after the death of Supreme court justice Ruth Ginsburg, many strategists have worsened their forecasts for the allocation of another package of economic assistance before the US presidential election. Besides, on Thursday, the US Bank Goldman Sachs lowered its forecast for US GDP growth in the fourth quarter from 6% to 3% in terms of the year.
Ginzburg died on September 18 at the age of 88. Her demise gave the Republican-Trump a chance to appoint a third judge for his presidency to the nine-judge US Supreme court. If Trump's appointee is confirmed by the Senate, Republicans will have a double edge on the Supreme court: six to three Democrats.