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Home>U.S. stocks may struggle for direction as investors await GDP, more Fed speakers

U.S. stocks may struggle for direction as investors await GDP, more Fed speakers

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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