Wall Street Might Open In Negative Territory

A slew of Fed talks and the U.S. trade deficit for September might be the highlight on Tuesday.

Early signs from the U.S Futures Index suggest that Wall Street might open lower.
Asian shares finished lower, while European shares are trading in negative territory.

As of 6.45 am ET, the Dow futures were down 116.00 points, the S&P 500 futures were declining 16.25 points and the Nasdaq 100 futures were sliding 50.00 points.

The U.S. major averages finished higher on Monday. The Nasdaq climbed 40.50 points or 0.3 percent to 13,518.78 and the S&P 500 rose 7.64 points or 0.2 percent to 4,365.98, the narrower Dow inched up 34.54 points or 0.1 percent to 34,095.86, its best closing level in well over a month.

On the economic front, the International Trade in Goods and Services for September will be issued at 8.30 am ET. The consensus is for a deficit of $60.3 billion, while the deficit in the prior month was $58.3 billion.

The three-year Treasury Note auction will be held at 1.00 pm ET.

The Fed Consumer Credit report for September will be released at 3.00 pm ET. The consensus is $10 billion, while it was down $15.6 billion in the prior month.

Fed Vice Chair for Supervision Michael Barr will participate in the Financial Technology discussion before a 7th Annual D.C. Fintech Week event at 9.15 am ET.

Kansas City Fed President Jeffrey Schmid to give opening keynote before the Energy and the Economy: Reshuffling the Energy Deck conference co-hosted by the Federal Reserve Bank of Kansas City at 9.50 am ET.

Fed Governor Christopher Waller will speak on “Using Economic Data to Understand the Economy” before the Federal Reserve Bank of St. Louis Conference: “Beyond the Numbers 2023” at 11.00 am ET.

New York Fed Bank President John Williams will be a moderator of a hybrid discussion organized by the Economic Club of New York at 12.00 pm ET.

Dallas Federal Reserve Bank President Lorie Logan will give luncheon keynote before the “Energy and the Economy: Reshuffling the Energy…