Shutterstock photo(RTTNews.com) - Disregarding threats from North Korea to shoot down U.S. bombers even in the International space, the market seems to retain its composure. The initial trading on the U.S. Futures Index suggest that Wall Street might open broadly higher. The market awaits the address of Fed Chair Janet Yellen in the afternoon in Cleveland and a slew of Fed speeches. Asian shares closed broadly down, while European shares are trading lower.
As of 7.15 am ET, the Dow futures were adding 1.00 points, the S&P 500 futures were shedding 1.00 points and the Nasdaq 100 futures were adding 11.50 points.
U.S. stocks closed lower on Monday. The Nasdaq plunged by 56.33 points or 0.9 percent to 6,470.59, the Dow dipped by 53.84 points or 0.2 percent to 22,296.09 and the S&P 500 slipped 5.56 points or 0.2 percent to 2,496.66.
the Redbook Data that tracks comparable store sales at chain stores, discounters, and department stores on a weekly basis, will be published at 8.55 am ET. In the previous week the store sales were up 3.6 percent.
The Richmond Fed Manufacturing Index September will be revealed at 10.00 am ET. The consensus is for 13, down from 14 in the prior month.
The New Home Sales Index for August will be published at 10.00 am ET. The consensus is for 583K, up from 571K in the prior month.
The State Street Investor Confidence Index will be issued at 10.00 am ET. In the prior month the index was at 106.8.
The S&P Corelogic Case-Shiller home price index for July that tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the U.S. will be revealed at 9.00 am ET. The consensus is for growth of 0.3 percent, compared to 0.1 percent in the previous month.
Chicago Federal Reserve Bank President Charles Evanswill deliver welcoming remarks at the 17th Annual Chicago Payments Symposium in Chicago at 9.30 am ET.
Cleveland Federal Reserve Bank President Loretta Mester will moderate a "Global Outlook" panel discussion at the "Prospects for Growth: Reassessing the Fundamentals" 59th National Association for Business Economics Meeting in Cleveland, Ohio at 9.30 am ET.
Federal Reserve Governor Lael Brainard will speak at "Federal Reserve Board Conference: Disparities in the Labor Market: What are we missing?" in Washington at 10.30 am ET.
Atlanta Federal Reserve Bank President Raphael Bosti will speak on economic outlook and monetary policy to the Atlanta Press Club in Atlanta, with audience Q&A at 12.30 pm ET.
Two year treasury note auction will be held at 1.00 pm ET.
In the corporate sector, Darden Restaurants, Inc., reaffirmed its fiscal 2018 outlook for earnings and sales growth after reporting higher earnings in its first quarter, in line with market estimates. The company continues to expect adjusted net earnings per share from continuing operations in the range of $4.38 to $4.50. Including items, reported earnings would be $4.30 to $4.44 per share.
Asian stocks closed broadly down on Tuesday. Chinese stocks closed slightly higher after three days of losses. The benchmark Shanghai Composite index edged up 2.03 points or 0.06 percent to 3,343.58. Hong Kong's Hang Seng index closed 12.67 points or 0.05 percent higher at 27,513.01.
Japanese shares slipped from a two-year high. The Nikkei average fell by 67.39 points or 0.33 percent to 20,330.19 while the broader Topix index closed marginally lower at 1,672.74.
Australian shares ended lower. The benchmark S&P/ASX200 and the broader All Ordinaries index both dropped around 0.2 percent to end at 5,671 and 5,729.60, respectively.
European shares are trading broadly lower. CAC40 of France is up 0.37 points or 0.01 percent, while DAX of Germany is down 0.75 points. FTSE 100 of England is declining 4.79 points or 0.07 percent. Swiss Market Index is declining 9.61 points or 0.11 percent.
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