US stock futures turned south on Thursday, as investors awaited the release of the minutes of the latest Federal Open Market Committee meeting.
The Dow Jones Industrial Average is expected to open down approximately 56 points, while the S&P 500 and the Nasdaq are set to begin the session seven and 15 points lower respectively.
Asian stocks closed on a mixed note, as concerns about a slowdown in the emerging markets resurfaced, although Chinese equities bucked the trend as they rallied after a week-long holiday.
However, the gains were not as wide as analysts had expected, which added to Wall Street’s jitters.
“After being off for a week that has seen a big rally elsewhere, there is some disappointment that China has not climbed more,” said analysts at Deutsche Bank.
On Thursday, investors could receive some insights on the Federal Reserve’s policy when, at 1900 BST, the US central bank releases the minutes of the meeting it held on 17 September.
“Markets have been buoyed by the idea the Fed will remain on hold for longer but there’s a risk that a hawkish tone taken in the minutes could put a rate rise this year back on the table,” said CMC Markets’ analyst Jasper Lawler.
UTi Worldwide Inc. (NASDAQ:UTIW) reported the surge of 3.61 and closed at $4.88, with the total traded volume of 1.31 million shares. During last trade its minimum price was $4.76 and it gained its highest price of $4.91 and has a total of 106.06 million outstanding shares. UTi Worldwide Inc. (NASDAQ:UTIW) has launched an internal process optimization effort in China that is expected to accelerate and amplify recent improvements in UTi’s freight forwarding operations. The pilot effort aims to drive higher levels of efficiency, quality and client service in ways that can be applied across the company worldwide.
Energy Transfer Partners LP (NYSE:ETP) reported the surge of 3.54%, after closing price for the day was $45.31. Its total trading volume for the day was 5.51 million shares, versus its average volume of 3.62 million shares. Its earnings per share are $0.73. Energy Transfer Partners LP (NYSE:ETP) Natural gas producers in the Marcellus Shale have long been victimized by inadequate processing and outbound transportation capacity. But IIR Energy’s NatGasLive application is tracking several small pipeline construction projects in the Marcellus area that are scheduled to finish during the next six weeks, easing bottlenecks and bringing more low-cost gas to market.
Yelp Inc (NYSE:YELP) showing jumped of 3.62% and closed at $23.50, after gaining total volume of 1.54 million shares. Its earnings per share (EPS) is $0.27 and its beta value stands at 2.34 points and has total market capitalization of $1.71 billion and a total of 65.75 million outstanding shares. Yelp Inc (NYSE:YELP) previously reported the election of current board member, Diane Irvine, to the position of non-executive board chairperson, effective right away. Irvine takes over from Max Levchin, who recently stepped down from Yelp’s and other boards to dedicate more time to the company he founded and leads.