Advertisment
U.S. stock futures are barely moving, as traders may be thinking more about how to spend the upcoming Memorial Day long weekend.
Ahead of the opening bell, futures for the Dow Jones Industrials acquired 18 points, or 0.1%, to 17,835, while futures for the S&P 500 gained two points, or 0.1%, to 2,091.75. NASDAQ futures increased eight points, or 0.2%, to 4,500.25.
Investors are closely monitoring the head of the U.S. Federal Reserve on Friday. Janet Yellen is set to speak at an event at Harvard University in the early afternoon, alongside previous Fed chairman Ben Bernanke.
Traders will be hoping to learn more about her plans for interest rates, especially since expectations have been raised that a hike could happen in June
The Bureau of Economic Analysis is set to release an updated estimate of U.S. first quarter Gross Domestic Product.
The original estimate showed the U.S. economy only grew 0.5% in the first quarter of the year. Tepid consumer spending, global headwinds, a struggling manufacturing sector and weak business investment all weighed down growth.
European markets are mostly dipping in early trading while most Asian markets ended the day with gains.
Oil prices subtracted 44 cents to $49.04 U.S. a barrel
Gold prices gained $2.22 to $1,222.02 U.S. an ounce.
