U.S. Stock Index Futures Under Pressure Ahead of PMI Data - FED Speakers
A number of scheduled Fed speakers could escalate the selling pressure or soothe the bears enough to book profits and stabilize prices.
The major U.S. stock index futures markets are sharply lower early Friday as investors continued to lighten up on the long side in response to data that elevated concerns of a looming recession ahead of a number of Federal Reserve speakers scheduled throughout the U.S. session.
There also will be data coming out on Friday with December’s purchasing managers’ indexes within services and manufacturing. The indexes are seen as gauges of business conditions. Traders are expecting manufacturing to come in at the same rate as November, while pricing in services to show an increase of 0.3 points.
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