US STOCKS-Futures extend Friday losses in the wake of Paris attacks

domingo 15 de noviembre de 2015 20:01 GYT

* Futures gap down at the open, but pare losses

By Rodrigo Campos

NEW YORK Nov 15 (Reuters) - U.S. equity futures opened lower on Sunday, following coordinated attacks in Paris on Friday that killed more than 130 people.

The attacks unfolded after markets closed in the United States, but equity futures added to losses in light volume in after-hours Friday trading after reports hit the news and images were shared on social media.

Analysts expected a so-called run to safety as a knee-jerk reaction to the uncertainty caused by the attacks, and the slide in equity futures partly confirmed expectations.

Stock indexes on Wall Street logged their largest weekly losses since August on Friday before the news out of Paris, on the back of weak economic data and following six weeks of gains on the S&P 500.

"The market was already weak prior to Paris, (this) will reinforce the defensive rotation that was already starting," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

"You will notice the Utilities were the only sector to close higher last week," he said.

Amid the expectation of an escalation in attacks from the United States and its allies against Islamic State, who claimed responsibility for the attacks in Paris as well as twin bombings in Beirut on Thursday, there was focus on the stocks of weapons manufacturers and others in the defense sector.   Continuación...