Wall Street shares pause with Fed speakers on deck
On Monday, stock futures headed south, against backdrop of a weakening greenback as well descending oil because market participants are ready to listen for rate-hike clues from Fed speakers.
Reversing earlier revenues, Dow Jones Industrial Average dipped 25 points, trading at 17,455, while those for the S&P 500 index edged down 3.5 points, being worth 2,046.75. then, Nasdaq-100 futures went down 3.5 points at 4,358.75.
On Friday, equities ended up higher, after the S&P 500 dared to snap a three-week losing streak, closing up 0.3% last week. As for the Nasdaq Composite Index, it came off a four-week run of drops to earn 1.1%, however, the Dow industrials managed to extend its series of weekly losses to four, sagging 0.2%.
The evergreen buck as well as crude prices were on the move on Monday. A higher than expected April’s trade surplus for Japan helped to raise the Japanese yen, which weighed on the greenback, bringing it from ¥110.22 to ¥109.61 late on Friday. The Nikkei 225 index ended up down 0.5% amid the surging yen.