Dow Futures Up 200 Points as Trade Tensions Show Signs of Cooling
Monday, 26 March 2018 16:08 WIB | MARKET UPDATE |Indeks saham berjangka A.S.

U.S. stocks were poised to rebound on Monday, after logging their worst weekly performance in more than two years, with gains spurred by reports that the U.S. and China are in behind-the-scenes talks to avert a global trade war.

A handful of Federal Reserve speakers may capture attention as well, as a holiday-shortened week of trading kicks off.

Dow Jones Industrial Average futures rose 202 points, or 0.9%, to 23,816, while S&P 500 futures gained 25.70 points, or 0.9%, to 2,623. Nasdaq-100 futures surged 83 points, or 1.3%, to 6,638.

Fears of a trade war hung over markets on Friday, driving the Dow to its lowest close of 2018. The index shed 424.69 points, or 1.8%, to reach 23,533.20 and took out its previous closing low, set in early February.

Sliding more than 1,400 points, the Dow tumbled 5.7% for the week, while the S&P 500 and Nasdaq indexes lost 6% and 6.5%, respectively. All three indexes suffered their worst weekly returns since January 2016, when fears of a global economic rout dogged sentiment.

Source : Market Watch

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