Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) October Blues
US stock futures were looking weak Thursday after markets started the new month with a big decline. The Dow Jones industrial average lost 1.4% Wednesday, the S&P 500 fell 1.3%, and the Nasdaq was off 1.6%.
This comes after all the major indexes posted declines for the month of September.
The latest reading shows investors are feeling extremely fearful, just weeks after the major benchmark indexes were hitting record highs. Unrest around the world and slower growth is hurting sentiment.
2) Getting Ready for the ECB
Investors are keen to hear from the president of the European Central Bank, Mario Draghi. He holds a news conference in Italy at 08:30am Eastern Time after the central bank's monthly meeting.
Pressure is building on the ECB to go all-in with a Federal Reserve-style program to buy government bonds as some of Europe's largest economies fall. However, most analysts do not expect any new initiatives.
The Eurozone economy has stalled and inflation is the weakest it has been for nearly five years.
The major European markets were declining in early trading.
3) NFL Fever
Shares of DirecTV (DTV) were rising in extended trading after the NFL said it was giving the satellite provider rights to continue carrying its popular NFL Sunday Ticket package for another eight years.
4) US Economic Data
The US government will post weekly jobless claims at 08:30am Eastern Time.
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