September 15, 2014- Stocks Look to Trade Lower on Economic Concerns

The sentiment on Wall Street is weak on Monday despite the lackluster performance for much of last week. Economic fears may return in full force in the wake of weak retail sales and industrial production data released by China and fears concerning monetary policy normalization by the Federal Reserve. A domestic manufacturing activity and industrial production data due today could shed some light on the economic condition and its implication for the monetary policy. Global cues are negative, with Asian stocks closing lower, while the European markets are also mostly lower. The Dow futures are slipping 22 points, the S&P 500 futures are declining 3.20 points and the Nasdaq Composite futures are moving down 5 points. U.S. stocks snapped their winning run in the week ended September 12 amid a lack of any major catalysts to push the markets higher. Renewed geopolitical concerns and fears of monetary policy normalization also exerted pressure on stocks.