Markets
XPO

US Stock Futures Fluctuate Ahead of Jobless Data

U.S. equities futures were fluctuating between gains and losses and were most recently in the red ahead of the weekly jobless data and August import/export prices. Asia closed down and European markets were also lower.

In economic data, jobless claims in the week ended Sept. 5, out at 8:30 a.m. E.T., are expected to have edged lower to 275,000 from 282,000 in the preceding week, in the consensus range between 265,000 and 278,000, according to data compiled by Econoday.

Also at 8:30 a.m., data are expected to show that export prices edged lower 0.4% in August compared to the 0.2% decline seen in July. The consensus range is between a 1% decline and a 0.1% increase. Import prices are expected to have slipped 1.6% from a 0.9% decline in July. The consensus range is between a 3% decline and a 0.4% decline.

In equities, transportation, logistics and supply-chain management provider Con-way ( CNW ) surged over 33% in recent pre-market trade after XPO Logistics ( XPO ) said it will acquire the company for $47.60 per share or $3 billion, including debt.

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

XPO

Other Topics

Commodities

Latest Markets Videos