Finance

Dow futures down more than 200 points following rally in the previous session

0


U.S. stock futures were lower in overnight trading, following a big rally in the previous session fueled by growing belief that the worst may be over for the world’s largest economy.

Dow futures fell 237 points, implying a slip of about 196 points at the open on Wednesday. Meanwhile, S&P 500 and Nasdaq-100 futures pointed to a negative Wednesday open for the two indexes.

U.S. equities rallied on Tuesday, helped by a bevy of bullish news, including a historic jump in retail sales. The U.S. government reported a record 17.7% increase in retail sales for May. 

Stocks were also helped by a Bloomberg News report that the Trump administration is preparing a near $1 trillion infrastructure…



Source cnbc.com

NAHB housing market index climbs to 58 vs. 46 expected

Previous article

Fed doesn’t want to ‘run through the bond market like an elephant’

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance