US STOCKS-Plunge in crude oil prices send futures sliding

viernes 15 de enero de 2016 08:24 GYT
 

* Futures down: Dow 262 pts, S&P 30 pts, Nasdaq 76.75 pts

By Abhiram Nandakumar

Jan 15 (Reuters) - U.S. stock index futures were sharply lower on Friday, as oil prices dived below $30 per barrel, sending fresh tremors through financial markets globally as investors fret about a prolonged economic slowdown.

* Brent crude prices, which have fallen 20 percent this year, were down nearly 5 percent as the market braced for oil from Iran to flood an already oversupplied market.

* World stocks were set for a third straight week of losses.

* A small recovery in oil on Thursday sent U.S. stocks rallying and helped the S&P 500 to its biggest daily gain since Dec. 4 and send it past the key 1,900 level.

* 26 of the 30 Dow components trading premarket were in the red. Exxon and Chevron were down well over 2 percent, while Caterpillar dropped 3 percent.

* But the biggest drop was in Intel, tumbling 6.2 percent to $30.70 as concerns about the chipmaker's slowing data center revenue growth overshadowed a quarterly profit beat.

* Citigroup and Wells Fargo are scheduled to report before the bell, following JPMorgan's upbeat results on Thursday. Citi was down 1.4 percent at $44.75 and Wells Fargo shed 2.4 percent at $49.45.   Continuación...