US stocks set to open lower

Futures are implying a lower opening in the major indices

The US stocks are so to open marginally lower after the S&P index closed at a all time record high yesterday. The respective futures are implying

• Dow, -140 points
  
• S&P -16 points
  
• NASDAQ index -21 points
  

Yesterday the S&P index closed at a record high of 4423.16 after a 36 point surge. The NASDAQ index gained 80.23 points. The Dow industrial average increase by 278 points.

Markit final services PMI will be released at 9:45 AM ET. Is expected to remain steady at 59.8.

At 10 AM ET, the ISM services PMI is expected to inch up to 60.5 from 60.1 last month. THe high for the cycle reached 64.0 in May.

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August 05, 2021 at 01:25AM

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