Stock Futures Pressured by North Korea Nuclear Test, Boston Fed President Rosengren (INDEXDJX:.DJI)


U.S. stocks are set to open lower on Friday as a nuclear missile test from North Korea lures risk-adverse investors into Treasury securities and gold, and recent comments from Boston Fed president Eric Rosengren (voting, dove) calling for higher rates to prevent the economy from overheating. As a result, Dow futures were down as much as 100 points below fair value, and S&P futures were 13 points lower.

The index decreased 1.41% or $258.32 on September 13, hitting $18066.75. Dow Jones Industrial Average (INDEXDJX:.DJI) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.

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