U.S. stock futures are edging down and European markets are dipping in early trading. Asian markets closed with mixed results.
Ahead of the opening bell, futures for the Dow Jones Industrials dropped 48 points, or 0.3%, to 16,157, futures for the S&P 500 sagged 6.5 points or 0.3%, to 1,933.25, and futures for the NASDAQ dipped 20 points, or 0.5%, to 4,243.
A few companies will open their earnings books before Friday trading begins. Mattress Firm and Kroger are among them.
On the economic side, the U.S. Bureau of Labor Statistics will release its producer price index for August at 8:30 a.m. ET. This index is a key inflation indicator. Prices were up 0.2% in July.
Then, at 10 a.m. ET, the University of Michigan will put out September's consumer sentiment index.
In commodities, crude oil futures are dipping by about 2% to trade around $45 U.S. per barrel. The chances of another slump in prices to near $20 U.S. per barrel are rising, Goldman Sachs said in a new report Friday.
But the International Energy Agency said the supply glut should ease in 2016 as OPEC's rivals -- and in particular the U.S. -- slash production.
Oil prices fell $1.10 to $44.82 U.S. a barrel
Gold prices moved backwards $4.10 to $1,105.20 U.S. an ounce.
Source: WallSt Money US Market Commentary
(September 11, 2015 - 10:02 AM EDT)
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