U.S. stocks were poised for a cautious open on Thursday, ahead of a round of appearances by Federal Reserve officials and important energy-supply data that could set the direction for investors.
Against a backdrop of mostly weaker global markets, Dow Jones Industrial Average futures YMZ5, -0.06% slipped 34 points to 17,621. Those for the S&P 500 index ESZ5, +0.05% lost 2.25 points to 2,066.75, while Nasdaq-100 futures NQZ5, +0.03% dipped 4 points to 4,627.75.
Wall Street stocks finished lower on Wednesday, weighed by a big selloff in energy stocks and disappointing results from retailer Macy’s Inc. M, -13.99% Strategists described the session as a pause in the market’s charge higher, begun in late September. It was a quieter day than usual due to the Veterans Day holiday, which closed bond markets and banks.