fbpx

U.S. stock futures sink, suggesting more losses Monday

After sharp losses Friday, Wall Street is poised for more declines as stock-index futures slid Sunday night.

Dow Jones Industrial Average futures
YM00,
-0.61%

were last down more than 250 points, while S&P 500 futures
ES00,
-0.63%

and Nasdaq-100 futures
NQ00,
-0.63%

were also sinking.

Wall Street is bracing for a busy earnings week, with quarterly reports due from Apple Inc.
AAPL,
-2.78%
,
Facebook parent Meta Platforms Inc.
FB,
-2.11%
,
Google parent Alphabet Inc.
GOOGL,
-4.15%

GOOG,
-4.26%
,
Amazon.com Inc.
AMZN,
-2.66%

and Microsoft Corp.
MSFT,
-2.41%
,
among others. Investors will also keep an eye on Twitter Inc.
TWTR,
+3.93%
,
which reports earnings Thursday and on Sunday was reported to be re-evaluating Elon Musk’s takeover bid.

On Friday, the Dow
DJIA,
-2.82%

shed about 981 points, or 2.8%, marking its worst daily percentage drop since Oct. 28, 2020, according to Dow Jones Market data. The S&P 500 index
SPX,
-2.77%

 slid 2.8% and the Nasdaq Composite Index
COMP,
-2.55%

 tumbled 2.6%.

For the week, the Dow was down 1.9%, the S&P 500 fell 2.8% and the Nasdaq dropped 3.8%, according to FactSet.

Fed Chairman Jerome Powell added to the worries of jittery investors Thursday by signaling support for a larger, 50-basis-point rate hike at the Fed’s May meeting.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

^N225 
$27,968.99  $58.85  0.21%  
SGHIF 
$1.08  $0.0000  0.00%  
^HSIL 
$34.51  $0.19  0.55%  
SZNTF 
$0.148  $0.0000  0.00%  
KOSPI.KS 
$2,472.53  $39.14  1.61%  
AUS.NZ 
$3.08  $0.022  0.72%  
^NSEI 
₹ 18,758.35  ₹ 140.30  0.75%  
FCNBCA.FGI 
$7,908.73  $88.38  1.13%  
EURUSD=X 
$1.04  $0.0069  0.67%  
GBPUSD=X 
$1.20  $0.0097  0.81%  
JPY=X 
$138.05  $0.585  0.42%  
^GSPC 
$4,035.42  $77.79  1.97%  
NDAQ 
$67.95  $1.85  2.80%  
^DJI 
$34,242.59  $390.06  1.15%