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6:46 a.m. There will be no triple-digit gain at the open for the Dow Jones Industrial Average today like there was yesterday, but it's still aiming for a third-consecutive advance. The blue-chip benchmark's futures have risen 25 points, or 0.1%, while S&P 500 futures have advanced 0.1%, and Nasdaq Composite futures have gained 0.3%.
But it's not completely boring out there. Brent Crude futures are off 1.2% at $74.40 a barrel after the U.S. asked OPEC to increase production. It's had little impact on WTI crude futures, the U.S. benchmark, which are off just 0.4% at $64.54 a barrel. "The biggest development overnight was news that the US has requested that OPEC raise output by 1M bbls/day which is weighing heavily on Brent crude prices this morning (-1.4%) and if the selling pressure continues, expect energy shares to be a drag on the broader stock market today," writes The Sevens Report's Tom Essaye.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
