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- Wall Street eyes higher open after sharp fall
Wall Street eyes higher open after sharp fall
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Loading...Wall Street's main indexes were set for a higher open on Thursday, after losing 3% in the past two sessions on fears that the domestic economy was heading toward a recession.
Investor attention is now on ISM's services data due later in the day and a pivotal jobs report on Friday after dismal manufacturing and hiring data earlier in the week showed the U.S.-China trade war was hurting the U.S. economy.
The ISM services report due at 17:00 p.m. (GMT +3) is likely to show a reading of 55 in September, down from 56.4 in August.
Dow e-minis were up 48 points, or 0.18%. S&P 500 e-minis were up 6.25 points, or 0.22% and Nasdaq 100 e-minis were up 23.5 points, or 0.31%.
PepsiCo Inc (PEP.US) rose 2.3% in premarket trading after the company beat quarterly expectations as higher advertising and new low-calorie versions of Gatorade boosted demand for its beverages in North America.
Shares of larger rival Coca-Cola (KO.US) gained 0.5%.
Tesla Inc (TSLA.US) shares dropped 4.7% as the electric-car maker's quarterly deliveries missed analysts' estimates.
GoPro Inc (GPRO.US) tumbled 17.5% after the action camera maker cut its revenue and profit forecasts for the rest of the year, hit by a delay in the production of its latest Hero8 Black cameras.
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