Dow Jones Industrial Average (DJIA) futures were signaling a higher start to the day, as stocks initially reacted positively to last night's presidential debate between candidates Hillary Clinton and Donald Trump. However, the risk-on attitude has since faded, with Dow futures a hair lower ahead of the bell. Elsewhere, November-dated crude futures are down 2.8% to $44.63 per barrel, as hopes for an output cap by Organization of the Petroleum Exporting Countries (OPEC) members were dashed by Saudi Arabia and Iran. In addition, Goldman Sachs slashed its fourth-quarter oil-price forecast to $43 from $50 per barrel. Traders are also looking ahead to the Case-Shiller home-price index due out later this morning, as well as September's consumer confidence survey results.
Continue reading for more on today's market, including:
Futures on the Dow Jones Industrial Average (DJIA) are about 1 point below fair value.
5 Things You Need to Know Today
Earnings and Economic Data
Nike (NKE) and Cintas (CTAS) make up the earnings slate. To see what else is coming up on this week's schedule, click here.
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