Stock Indices Futures Fall

Stock Indices Futures Fall

U.S. stock index futures dropped over 1 on Wednesday as rising oil prices caused inflation concerns. Additionally, the Federal Reserve is pulling back on stimulus measures used during the COVID-19 pandemic. 10-year yields rose to their highest level since June, and tech stocks fell once again with Facebook($FB@US), Amazon ($AMZN@US), and Alphabet ($GOOGL@US)dipping around 1.5. Aircraft manufacturer Boeing ($BA@US) and industrial giant Caterpillar ($CAT@US) also fell somewhere between 1 and 2. American Airlines ($AAL@US) fell 3.9 after its rating was cut by Goldman Sachs ($GS@US) to neutral, Dow e-minis dropped 358 points, S&P 500 e-minis were down 53 points and NASDAQ 100 e-mini plummeted over 210 points in early trading.


User: Benzinga

Views: 558

Uploaded: 2021-10-06

Duration: 00:52

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