Markets
JCP

US Futures Point South as US-North Korea Rhetoric Heats Up

A person taking notes from their tablet
Credit: Shutterstock photo

U.S. stock futures pointed south on Friday as geopolitical tensions continued to ramp up between North Korea and the United States, sending investors into less risky assets.

Oil prices nudged lower with global benchmark Brent crude down 0.31%, and U.S. benchmark West Texas Intermediate down 0.45% recently extending Thursday's selloff following an OPEC report which said the cartel's July production rose 0.5% from June.

At 8:30 a.m., data are expected to show consumer prices rising 0.2% in July following steady prices in June, according to data compiled by Econoday.

Federal Reserve Presidents Robert Kaplan and Neel Kashkari are scheduled to give speeches.

In equities, shares of J.C. Penney ( JCP ) were 16% lower pre-bell after the company reported a wider-than-expected fiscal Q2 loss.

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.


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

In This Story

JCP

Other Topics

Stocks