Stocks Poised to Post Weekly Dip

By MarketsFOXBusiness

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U.S. stock-index futures fell on Friday, adding to weekly losses on Wall Street, as traders awaited a reading on consumer sentiment.

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Today's Markets

As of 7:55 a.m. ET, Dow Jones Industrial Average futures fell 23 points, or 0.14%, to 16739, S&P 500 futures dipped 4 points, or 0.21%, to 1945 and Nasdaq 100 futures slumped 7.7 points, or 0.2%, to 3810.

The markets have meandered lower this week as traders have dealt with somewhat disappointing data and chatter about future rate hikes from the Federal Reserve.

Nike (NYSE:NKE) posted better-than-expected quarterly earnings after the bell on Thursday, sending shares of the blue-chip footwear maker rising.

Friday was off to a fairly quiet start. There is a report on consumer sentiment due out at 9:55 a.m. ET, which comes after May consumer spending data came in lighter than forecast.

In commodities, U.S. crude oil futures rose 4 cents, or 0.04%, to $105.88 a barrel. Wholesale New York Harbor gasoline gained 0.4% to $3.098 a gallon. Gold dipped 10 cents, or 0.01%, to $1,317 a troy ounce.

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