U.S. Index Futures Decline After Three Days of Stock AdvancesBy
U.S. index futures tracked European stocks lower, signaling a loss for the S&P 500 for the first time in four days.
S&P 500 contracts expiring in September dropped 0.4 percent as of 6:09 a.m. in New York, with the underlying gauge at a one-week high. Shares in Europe fell with bonds after a French debt auction showed softer demand. Contracts on the Dow Jones Industrial Average dropped 0.3 percent, and those on the Nasdaq 100 Index slid 0.8 percent.
- A private report on employment is due today, before the government payrolls release on Friday. A divided Federal Reserve policy committee couldn’t reach an agreement in June on when to begin unwinding its balance sheet, minutes from the latest meeting showed yesterday.
- Geopolitical concerns persist as UN Security Council held an emergency meeting Wednesday in response to North Korea’s latest provocation. Donald Trump heads to Germany for the G-20 meeting, where he’ll meet Vladimir Putin to discuss cooperation over Syria.
- Oil rebounded from the biggest daily loss in a month as U.S. crude and gasoline stockpiles declined.