Wall Street futures pointed moderately lower pre-bell Friday after Federal Reserve Chair Jerome Powell said the nation's economy was 'stout' and there was no 'hurry to lower interest rates.' In the futures, the S&P 500 fell 0.6%, the Nasdaq declined 0.9%, and the Dow Jones was off 0.5%. Traders are also awaiting the 8:30 am ET release of the October national retail sales bulletin from Washington.
Asian exchanges traded choppily overnight, while European bourses tracked moderately lower midday on the continent. Spectrum Brands plans to report earnings pre-bell, among others. On the economic calendar, in addition to the retail sales release, is the import and export price bulletin for October at 8:30 am ET, along with the Empire State Manufacturing Index for November.
The industrial production bulletin for October posts at 9:15 am, and the business inventories release for September at 10 am. The weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm. Boston Federal Reserve President Susan Collins speaks at 9 am, while New York Fed President John Williams speaks at 1:15 pm.
In premarket action, Bitcoin traded at $89,339, West Texas Intermediate crude oil traded lower at $67.75, and 10-year US Treasuries offered 4.44%. Spot gold traded for $2,567 an ounce..