Stock futures fall, S&P 500 could notch longest losing streak since November 2016
Wednesday, 10 October 2018 18:22 WIB |
MARKET UPDATE |Indeks saham berjangka A.S.Indeks berjangka Standard & Poor’s 500Kontrak Dow Jones Industrial Average
U.S. stock-index futures inched lower on Wednesday, suggesting the major indexes would extend their recent downtrend as investors continued to monitor a rise in bond yields and the implications it could have on equity prices.
Futures for the Dow Jones Industrial Average lost 29 points to 26,452. S&P 500 futures slid 2 points to 2,886. Nasdaq 100 futures were down 11.5 points to 7,387.50. Both the Dow and the S&P were off 0.1% while the Nasdaq looked to open 0.2% lower.
Stocks closed mostly lower on Tuesday, with the S&P down for a fourth straight session, although the moves on the day were slight. Should the S&P end lower on Wednesday, marking its fifth straight loss, that would represent its longest streak of losses since November 2016.
Recent trading has been driven by rising bond yields and interest rates, both of which could signal a new phase in postcrisis markets that have enjoyed a protracted period of ultralow yields.