8 de febrero de 2016 / 12:36 / hace 2 años

US STOCKS-Futures drop on mounting concerns over global slowdown

* Futures down: Dow 192 pts, S&P 23 pts, Nasdaq 80 pts

By Abhiram Nandakumar

Feb 8 (Reuters) - U.S. stock index futures were lower on Monday, with the Dow Jones industrial average slipping nearly 200 points, as fears of a global economic slowdown worsening rattle investors.

* U.S. stocks are coming off Friday’s massive tech-led selloff that pushed the Nasdaq to its lowest close since October 2014. Tech stocks were again among the top losers in premarket trading on Monday.

* Crude oil prices fell more than 2 percent after a meeting between Saudi Arabia and Venezuela failed to reassure investors of measures to help prices.

* Demand for crude has been seen as a barometer for global economic health, and markets across the world have tracked the rise and fall in the price of the commodity this year.

* Global markets were lower, as was the dollar index. However, volumes were thin with some Asian markets closed for the Lunar New Year.

* A mixed U.S. jobs report on Friday, with a lower-than-expected job additions in January offset by falling unemployment and higher wages, added to investors’ uncertainty.

* Economists said jobs report suggested a March interest rate increase from the Federal Reserve could not be completely ruled out. Traders have priced in a less than 50 percent chance of a hike in December, according to the CME Group’s FedWatch program.

* Shares of Cognizant were down 7 percent at $54.45 premarket after the IT services provider’s forecast missed estimates.

* Index heavyweights Amazon, Alphabet, Netflix and Facebook were down between 2.5-3.5 percent. The stocks also led the market rout on Friday.

* S&P 500 companies on average are expected to report a 4.1 percent fall in quarterly profit, as companies wilt under tepid global demand and a strengthening dollar.

Futures snapshot at 7:06 a.m. ET:

* Dow e-minis were down 192 points, or 1.19 percent, with 47,816 contracts changing hands.

* S&P 500 e-minis were down 23 points, or 1.23 percent, with 280,915 contracts traded.

* Nasdaq 100 e-minis were down 80 points, or 1.99 percent, on volume of 58,791 contracts. (Reporting by Abhiram Nandakumar in Bengaluru; Editing by Savio D‘Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below