US futures slip after Dow hits another new record
NEW YORK (AP) — U.S. stock futures are pulling back after the Dow Jones index struck another record high this week.
Dow Jones industrial futures are down 10 points to 15,713. S&P futures have lost 2.4 points to hit 1,765.20. Nasdaq futures are down 4.25 points to 3,350.
A lot of attention is being paid to developments in China, where Communist Party leaders are holding a four-day meeting to craft a blueprint that will guide the nation over the next decade.
Party leaders promised a larger role Tuesday for free markets with the country’s current growth model becoming outdated.
Investors will also listen for clues about the potential direction of U.S. economic policy during public appearances by Federal Reserve Bank of Atlanta President Dennis Lockhart, and Federal Reserve Bank of Minneapolis Narayana Kocherlakota.