US Equities Futures Slightly Lower as Oil Slides Again

Shutterstock photo

U.S. equities futures pointed downward again Wednesday with weaker crude oil prices weighing on sentiment while International Monetary Fund chief Christine Lagarde warned in a German newspaper of weak global economic growth prospects in 2016.

West Texas Intermediate crude oil was down nearly 3% recently to $36.77 while Brent crude shed over 2% to $36.89.

In economic data, the November pending home sales index out at 10:00 a.m. E.T. is expected to have gained 0.5% over slightly 0.2% rise in October. The consensus range is between no change and a 2.4% increase, according to data compiled by Econoday.

In equities, KalaBios Pharmaceuticals ( KBIO ) filed for bankruptcy. The company's shares have been halted since Dec. 17 when CEO Martin Shkreli was arrested for allegedly taking money from one of his companies to pay for losses at another. The company fired Shkreli. Nasdaq is seeking to delist the company, which yesterday was granted a hearing on Feb. 25 to appeal the delisting.

Also, Apple ( AAPL ) shares were slightly lower in pre-market trade after La Repubblica reported that the company agreed to pay $347 million in an Italian tax evasion case. The newspaper said the company was accused of avoiding about 800 million euros ($874 million) in taxes from 2008 to 2013.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
Referenced Symbols: AAPL

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?