Stock futures fall as Turkey's currency crisis underlines global risks
Friday, 10 August 2018 19:44 WIB | MARKET UPDATE |Indeks saham berjangka A.S.

U.S. stock-index futures pointed to a lower open on Friday, tracking a global equity retreat fueled by the mounting currency crisis in Turkey, which raised the alarm for possible contagion into other markets.

The U.S. dollar viewed as a haven relative to other currencies, muscled to its firmest level in nearly a year against major rivals.

Futures on the Dow Jones Industrial Average fell 93 points or 0.4%, while futures on the S&P 500 shed over 11 points, or 0.4%, and futures on the Nasdaq-100 gave up 34 points, or 0.5%.

U.S. stocks closed mostly lower Thursday as weak energy and industrial shares weighed on the market, but the Nasdaq bucked the trend to end slightly higher. That marked its eighth straight session, its longest winning streak since October.

On Thursday, the Dow industrials fell 74.52 points, 0.3%, to 25,509.23, while the S&P 500 shed 4.12 points, or 0.1%, to 2,853.58. The Nasdaq Composite Index edged up 3.46 points to 7,891.78.

For the week, the Dow and S&P 500 have narrow weekly gains under threat, while the Nasdaq is on track for a weekly return nearing 1%.

Source : Marketwatch

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