US STOCKS-Wall St set for sharply lower open as selloff continues

jueves 16 de octubre de 2014 09:17 GYT
 

* Netflix tumbles in premarket after quarterly results

* Goldman Sachs falls after earnings

* Initial jobless claims fall to lowest level in 14 years

* Futures off: Dow 138 pts, S&P 20.75 pts, Nasdaq 44.75 pts (Adds data, updates prices)

By Chuck Mikolajczak

NEW YORK, Oct 16 (Reuters) - U.S. stocks index futures were poised to open sharply lower on Thursday, after the S&P 500 closed at its lowest in six months, amid concerns about weak global demand and its potential impact on the U.S. economy and businesses.

The S&P 500 and Nasdaq briefly fell into negative territory for the year on Wednesday, as the S&P tumbled more than 3 percent to a session low before rallying late in the session. The drop also came on worries over the spread of Ebola and its possible impact on the travel industry.

The benchmark S&P index has dropped in six of the past eight sessions and is down 7.4 percent from a record closing high Sept. 18. The CBOE Volatility index is up 118 percent since the S&P record, and closed Wednesday at its highest since June 2012. The VelocityShares Daily 2x VIX Short Term exchange-traded note jumped 28.7 percent to $6.28 in premarket.

Recent earnings reports have done little to stem the tide of the equity rout. Netflix shares plunged 26.1 percent to $331.52 in premarket after it reported quarterly results and said it signed up fewer video-streaming subscribers than forecast for the quarter.   Continuación...