March 12, 2014 -- 8:30 a.m. - 03/12/14
Stock index futures are pointing to a lower open in New York. The Dow and the S&P are down 0.2% on Globex. The NASDAQ is trading 0.3% below fair value.
Investors are cautious heading into the opening bell as global economic and geopolitical concerns cast a shadow on Wall Street. Specifically, uncertainty over upcoming Chinese economic data and tensions between Russia and the Ukraine are weighing on stocks.
Energy shares could face another volatile session as crude oil prices decline 1.6% to $98.42 per barrel. On the earnings front, retailer Express is down 12.5% in pre-market action after the company reported results that fell short of analysts estimates. Also in the space, Mens Wearhouse is down 2% as the company announced a wider-than-anticipated loss in their quarterly report. In other news, Rite Aid is advancing 3.1% after the stock received an analysts upgrade.
Turning to fixed income markets, Treasuries are higher along the curve. The benchmark 10-year note is up 3/16 of a point to yield 2.75% and the 30-year bond is adding 13/32 to yield 3.69%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.