Stock Futures Trading Lower This Morning
Key Takeaways
- US stock futures are trading lower this morning on Thursday.
- Some of the stocks that may grab investor focus today include Apple, Amazon, and Tesla.
- The Dow Jones Industrial Average is down about 100 points, the S&P 500 is down about 15 points, and the Nasdaq is down about 20 points.
Stocks to Watch
- **Apple (AAPL)** is down about 1% in premarket trading after reporting weaker-than-expected iPhone sales in its latest earnings report.
- **Amazon (AMZN)** is up about 1% in premarket trading after announcing a new partnership with Grubhub.
- **Tesla (TSLA)** is down about 2% in premarket trading after Elon Musk sold another $934 million worth of Tesla stock.
Market Outlook
The stock market is likely to open lower today after the release of disappointing economic data. The Commerce Department reported that retail sales fell by 0.3% in August, while economists had expected a gain of 0.1%.
The Federal Reserve is expected to raise interest rates again at its next meeting in November. This could put further pressure on stock prices, as higher interest rates make it more expensive for companies to borrow money and invest.
However, some analysts believe that the stock market is oversold and that a rebound could be coming soon. They point to the fact that many stocks are trading at or below their 52-week lows.
Conclusion
The stock market is likely to open lower today after the release of disappointing economic data. However, some analysts believe that the stock market is oversold and that a rebound could be coming soon.
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