US index futures pushed lower by oil prices

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The major US equity index futures fell into losses, tracking the oil-led decline in the European stock markets.

    At the time of writing, the DJIA futures were trading 0.40% lower. The S&P 500 futures and the Nasdaq futures were down 0.4% each as well. The energy and mining stocks are likely to push the indices lower after the opening bell.

    Oil prices fell after Saudi’s Aramco said it is keeping up investments in energy projects; a sign that the Kingdom is unperturbed by the drop in the oil prices.

    The trading volumes may be low today due to the weekend blizzard that paralyzed several large East Coast cities.
    For more information, read our latest forex news.

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