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


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…


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