US Stock Futures Do Not Reflect A Bright Trading Day
US stock-index futures lose steam today amid concerns that China will slow growth in the world’s fastest-expanding major economy. Tightening measures taken by China have made investors apprehensive about the impact on the economic recovery. Although the Standard & Poor’s 500 Index looks all set to retreat for the fourth time in five days, impressive results posted by Apple (NASDAQ: AAPL) and Texas Instruments (NYSE: TXN) may lend some support.
The futures at Dow slipped 0.4% to 10,100, while those at S&P expiring in March lost 0.5% to 1,086.6. Meanwhile, the tech-heavy Nasdaq 100 futures were down 0.2% to 1,794.75. Investors will be closely tracking results from companies, such as Johnson & Johnson (NYSE: JNJ) and Yahoo (NASDAQ: YHOO), which are set to announce their figures today, to get cues on the economic recovery.
In Europe, shares continued to fall sharply today, marking a fifth straight session of decline. Banks, miners and metals pulled the market down. Meanwhile, Asian stocks also suffered, with Taiwan witnessing its worst one-day fall in six months.
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Posted-In: Dow futures NASDAQ 100 futures Standard & Poor’s 500 futures US Stock FuturesFutures Global Pre-Market Outlook Markets
