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Home>MARKET SNAPSHOT: U.S. Stocks May Struggle For Direction As Investors Await GDP, More Fed Speakers

MARKET SNAPSHOT: U.S. Stocks May Struggle For Direction As Investors Await GDP, More Fed Speakers

MARKET SNAPSHOT: U.S. Stocks May Struggle For Direction As Investors Await GDP, More Fed Speakers

09/28/2017

By Barbara Kollmeyer, MarketWatch

Oil marches higher

U.S. stock futures slipped on Thursday, as investors looked set to quell some of their excitement over plans for a major tax overall, and waited for an update on gross domestic product and speeches from more Federal Reserve officials.

How does the open look for stock markets later?

A flat open appears to be in store for the Dow Jones Industrial Average as futures slipped 9 points to 22,289, while S&P 500 futures were off less than 1 point at 2,504. Nasdaq-100 futures fell 2 points to 5,939.25.

On Wednesday (http://www.marketwatch.com/story/us-stocks-set-to-open-higher-but-nike-nosedives-after-earnings-2017-09-27), the Dow Jones Industrial Average closed up 0.3% to end at 22,340.71, and the S&P 500 gained 0.4% to close at 2,507.04. That's less than 0.1% from a record close set last week.

The Nasdaq Composite Index rose a heftier 1.2% to close at 6,453.26. Meanwhile, the Russell 2000 finished up 1.9% at 1,484.81, a record close and the biggest one-day percentage gain since March 1.

What's driving the market?

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