Stock Futures Follow Europe Lower After Terrorist Attack in France

New York (July 15)  US stock futures were slightly lower on Friday, following European markets down after an overnight terrorist attack in Nice, France.

S&P 500 futures were down 0.1%, Dow Jones Industrial Average futures fell 0.05%, and Nasdaq futures declined 0.05%.

At least 84 people were killed in Nice after a heavy truck tore through crowds celebrating Bastille Day. The attacker was shot dead by officers after engaging in gunfire. French President Francois Hollande called the attack terrorism and has called for three days of mourning beginning on Saturday.

In light o the attack, Republican presidential candidate Donald Trump delayed an event on Friday in which he was expected to announce his vice presidential pick.

European markets were lower. The CAC 40 in France fell 0.77%, the DAX in Germany slid 0.71%, and the FTSE 100 in London slipped 0.37%.

Travel stocks were declining on the expectation terrorism fears would impede demand. U.S. airlines including Delta (DAL) , United Continental (UAL) , and JetBlue (JBLU) were each lower in premarket trading. Cruise operator Carnival (CCL) was also lower.

The S&P 500 closed out Thursday's session with its fourth record close in a row as hopes for global monetary stimulus kept hopes high on Wall Street. The benchmark index gained 0.52%, securing a record close of 2,164. The Dow scored a record close for its third day in a row, climbing 0.73% to 18,506.

U.S. Bancorp (UBS) rose more than 2% in premarket trading after exceeding expectations in its recent quarter. The bank reported net income of 83 cents a share, 3 cents higher than a year earlier. Revenue climbed just more than 8% to $5.45 billion.

Source: TheStreet