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US equities are looking to end the week with a whimper, with data on US personal income and consumer confidence on tap as well as another queue of Federal Reserve officials ready to give their takes on the central bank’s next steps.
Futures tipped the Dow Jones to drop 0.13 per cent at the start of Friday trading, to 20,633, while the S&P 500 is set to lose about 0.21 per cent to take it to 2,359. After hitting a brand-new record closing high yesterday, the Nasdaq looks set to curb its enthusiasm and drop 0.12 per cent to 5,430.
The moves come as investors gear up to parse data due this morning on US personal income as well as the latest update on consumer sentiment. Later in the day, Minneapolis Fed president Neel Kashkari and St Louis Fed president James Bullard are set to join the chorus of Fed speakers over the past two weeks who are flooding the zone with predictions of one or more additional interest-rate increases coming later this year.
Ahead of that, the dollar index — which measures the buck against a basket of peers — was treading water at 100.46, while yields on the benchmark 10-year Treasury note were down about 1 basis point to 2.41 per cent.
Equities around the world were softening heading into the weekend. The Nikkei and Hang Seng have wrapped up their weeks down about 0.8 per cent apiece, while the Dax was sitting flat and the FTSE 100 shed 0.5 per cent.
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