S&P futures turn slightly positive after GDP data

Image
Reuters
Last Updated : Dec 21 2018 | 7:55 PM IST

(Reuters) - U.S. stock futures cut losses and even edged marginally higher on Friday after data showed third-quarter economic growth was revised lower, but the pace was likely strong enough to keep growth on track to hit the Trump administration's 3 percent target this year.

Sentiment was weak earlier as investors fretted on increasing worries of slowing global growth and the threat of a U.S. government shutdown.

At 8:39 a.m. ET, Dow e-minis were up 15 points, or 0.07 percent. S&P 500 e-minis were up 3 points, or 0.12 percent and Nasdaq 100 e-minis were down 3.5 points, or 0.06 percent.

Moments before the data, Dow e-minis were down 0.21 percent, S&P 500 e-minis were down 0.23 percent and Nasdaq 100 e-minis were down 0.43 percent.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 21 2018 | 7:42 PM IST

Next Story