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Futures Down Pre-Bell as Traders Wait for Market Direction Cues; Asia, Europe Fall
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Futures Down Pre-Bell as Traders Wait for Market Direction Cues; Asia, Europe Fall
Mar 25, 2024 4:26 AM

07:05 AM EDT, 03/25/2024 (MT Newswires) -- The benchmark US stock measures were tracking in the red before Monday's open as investors await fresh catalysts to trigger market direction.

Standard & Poor's 500 futures and the Dow Jones Industrial Average declined 0.2% each in premarket trading, while the Nasdaq was off 0.4%. Asian and European exchanges were mostly trending downwards.

Shares of Meta Platforms (META), Apple (AAPL) and Google parent Alphabet (GOOG, GOOGL) were all down pre-bell after the European Commission launched a probe into the big tech companies for non-compliance under the bloc's Digital Markets Act. Masimo (MASI) climbed 13% as the health technology company evaluates a potential separation of its consumer business.

On the economic calendar, the Chicago Fed National Activity Index for February posts at 8:30 am ET, followed by the new home sales report for the same month at 10 am. The Dallas Fed Manufacturing Survey for March is out at 10:30 am.

Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to speak 8:25 am, while Federal Reserve Governor Lisa Cook speaks at 10:30 am.

Before the opening bell, bitcoin gained 1.9% to $67,056, West Texas Intermediate crude increased 0.6% to $81.13 a barrel, yields on 10-year Treasuries inched 1.4 basis points higher to 4.23% and gold inclined 0.5% to $2,170 an ounce.

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