Stocks - U.S. Futures Fall as Recession Fears Hit

Stocks - U.S. Futures Fall as Recession Fears Hit

Investing.com  | Jan 11, 2019 06:42AM ET

Stocks - U.S. Futures Fall as Recession Fears Hit

Investing.com – U.S. futures fell on Friday as revenue forecast cuts from a number of companies and weak retail sales over the holidays threatened to derail Wall Street's five-day rally as investors fear a possible recession.

The S&P 500 futures fell 2 points or 0.11% as of 6:40 AM ET (11:40 GMT) while Dow futures lost 8 points, or 0.04%. Meanwhile tech heavy Nasdaq 100 futures decreased 13 points, or 0.20%.

Stocks had risen earlier this week on indications that the Fed could pause its stance on policy tightening and optimistic trade negotiations from the U.S. and China. But weak holiday sales from Macy’s (NYSE:M) and cuts in revenue forecasts from Apple (NASDAQ:AAPL) and American Airlines (NASDAQ:AAL), among others, could wipe out earlier gains.

Meanwhile the government shutdown has become the longest in history and 800,000 Federal workers will miss their first paycheck of the year. U.S. President Donald Trump is at a standstill with Democrats over the shutdown, as he insists that the budget must include funding to build a wall on the U.S.-Mexico border.

Anheuser Busch Inbev (NYSE:BUD) was among the top gainers in premarket trading, gaining 5.4% on news that it is issuing $15.5 billion worth of bonds with a 40-year maturity. Netflix (NASDAQ:NFLX) rose 2.4%, while Procter & Gamble Company (NYSE:PG) increased 0.4%. Apple Inc (NASDAQ:AAPL) was up 0.4% after it announced it is released three new iPhone models this year.

Elsewhere Pacific Gas & Electric (NYSE:PCG) slumped 6.9% while Frontline (NYSE:FRO) slipped 4.6% and Facebook (NASDAQ:FB) was down 0.5%. Activision Blizzard Inc (NASDAQ:ATVI) decreased 7.3% after it announced it was transferring publishing rights for its Destiny franchise to Bungie.

In economic news, the consumer price index comes out at 8:30 AM ET (13:30 GMT).

In commodities, gold futures rose 0.4% to $1,292.35 a troy ounce, while crude oil rose 0.5% to $52.89 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.2% to 94.92.

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Dusty Owen
Dusty Owen

So this is what the talking heads want us to think today...i thought another chinese person might have gotten arrested in canada. Recession is very possible but nothing has changed since yesterday. Not buying it.  ... (Read More)

Jan 11, 2019 03:41PM GMT· Reply
Eric Haley
Eric Haley

Fake news!? Really people? After all the negative economic data, poor earnings reports, and awful earnings forecast revisions, you still think the market is stronger? Complacency is always highest before recessions. Open your eyes folks. The recent news from Apple, Mercedes, Constellation Brands, LG, Samsung, Macy's, Target, and Kohls is true. Wake up. Stop living in denial. Ignore the warnings and you will reap what you sow.   ... (Read More)

Jan 11, 2019 01:28PM GMT· Reply
Ren Jack
Ren Jack

I saw bulls instead of bear ****fake  ... (Read More)

Jan 11, 2019 01:19PM GMT· Reply
John Tierney
John Tierney

Markets strong   ... (Read More)

Jan 11, 2019 01:09PM GMT· Reply
Mike McCorcle
Mike McCorcle

who writes this stuff? do they take bets on whose headline can drag the market?   ... (Read More)

Jan 11, 2019 01:08PM GMT· Reply
Alberto Maugeri
Alberto Maugeri

One deat recession fear and inly in us, the most healthy economy in the word!!!even china’s stocks were higher today because trade war is coming to an end. So no recession at all!!!  ... (Read More)

Jan 11, 2019 12:48PM GMT· Reply
Alberto Maugeri
Alberto Maugeri

What recession??? I see only huge profit and good earnings for q4 results. Only recession risk is the missing deal between china and us. I don’t see any other risk. Today cpi will be allignes to what forecasted  ... (Read More)

Jan 11, 2019 12:42PM GMT· Reply
Paul Dunne
Paul Dunne

How everything changes in one day! Who's manipulating the markets?   ... (Read More)

Jan 11, 2019 12:39PM GMT· Reply
NZbeast Hunt
NZbeast Hunt

The most hilarious part of this story is where they quote how much the futures actually ‘fell’ lmfao.  ... (Read More)

Jan 11, 2019 12:38PM GMT· Reply
ABDUL LATIFI
ABDUL LATIFI

All data is pointing to a recession. But dont worry the PPT will keep buying on every dip to inflate this market.   ... (Read More)

Jan 11, 2019 12:31PM GMT· Reply
Virender Antil
Virender Antil

why are you creating panic ? Do you really know how does a recession occured,?  ... (Read More)

Jan 11, 2019 12:22PM GMT· Reply
Ramero Nadar
Ramero Nadar

just one day recession fear?? come on  ... (Read More)

Jan 11, 2019 12:09PM GMT· Reply
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