US pre-open: Major indices attempt to regain some of September's losses

15 September 2021

(Sharecast News) - Wall Street futures were in the green ahead of the bell on Wednesday after major indices turned in another losing session a day earlier.
As of 1230 BST, Dow Jones futures were up 0.05%, while S&P 500 and Nasdaq-100 futures were 0.15% and 0.24% higher, respectively.

The Dow closed 292.06 points lower on Tuesday after August's CPI reading revealed consumer-level inflation in the US slowed more quickly than expected last month as the Delta variant of Covid-19 took its toll on travel-related sectors.

Futures had indices continuing their turbulent September, with the Dow Jones recording just one positive session out of the last seven amid rising investor concerns regarding the Covid-19 Delta variant derailing the US' economic recovery and planned actions by<em> the Federal Reserve</em>.

On the macro front, mortgage applications were up 0.3% in the US during the week ended 10 September due to a surge in purchasing activity and a heavy decline in refinancing activity, according to <em>the Mortgage Bankers Association</em>.

Still to come, industrial production figures will be published at 1415 BST.

In the corporate space, <strong>Apple</strong> stock was in focus after the tech behemoth's virtual event on Tuesday saw it unveil new versions of the iPhone, iPad and Apple Watch.

No major corporate earnings were slated for release on Wednesday.