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Stocks cautious amid lackluster trading

Jul. 09, 2019 6:38 AM ETSPDR® EURO STOXX 50 ETF (FEZ)FEZBy: Yoel Minkoff, SA News Editor12 Comments
  • The Euro Stoxx 50 (NYSEARCA:FEZ) slipped 0.5% overnight amid a heavy profit-warning from BASF, while Deutsche Bank shares slid again on skepticism about its turnaround.
  • The downward movement is weighing on U.S. stock index futures, with the DJIA falling 117 points, the S&P 500 0.4% lower and the Nasdaq off by 0.6%.
  • There's also a hangover from Monday as Apple dropped more than 2% following a downgrade at Rosenblatt, as well as scaled-down expectations of Fed easing later this month.

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