Before the bell: S&P futures -10.00, Nasdaq futures -14.00
U.S. stock futures fell, indicating benchmark gauges will drop from a four-week high, before data that may show home prices and consumer confidence weakened.
Stock futures continue to suggest that the cash market will open with a marked loss. However, the push lower doesn't come as a complete surprise, especially since stocks have climbed so aggressively in recent sessions without any real pullback. As a result of the early weakness among equities, premarket participants are showing favor for the relative safety of gold, Treasuries, and the dollar. The action comes ahead of minutes from the most recent FOMC meeting. Those minutes will be posted at 18:00 GMT. Expect the financial media to comb them for hints about the willingness of voting members to implement new monetary policy tools and measures.
Dollar General Corp. (DG) gained 3.6 percent after reporting earnings that beat analysts’ estimates.