US Equity Futures Stabilize as Oil Prices Dip Amid Anticipated Decline in New Home Sales
11 months ago

US equity futures experienced minimal changes on Wednesday, reflecting a stabilization in investor sentiment after the S&P 500 and the Dow Jones Industrial Average achieved new record highs. The Dow Jones Industrial Average futures showed no significant movement, while S&P 500 futures dipped slightly by 0.06% and Nasdaq futures declined by 0.1%.

Meanwhile, oil prices saw a decline, with the front-month global benchmark, North Sea Brent crude, decreasing by 1.8% to $73.11 per barrel. Similarly, US West Texas Intermediate crude also fell by 1.8%, reaching $70.03 per barrel. Investors are keenly awaiting the release of new home sales figures at 10 am ET, which are predicted to decrease to an annual rate of 699,000 in August, down from 739,000 in the previous month, based on estimates from Bloomberg..

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