US stocks drop amid falling oil
On Friday, American stock futures edged down amid dropping crude prices, while the market braced for a crucial update on American retail spending.
The Dow Jones Industrial Average futures went down 80 points or 0.4%, trading at 17,588. Meanwhile, the S&P 500 slumped 8.8 points at 2,050. As for Nasdaq-100 futures, they lost 0.5%, trading at 4,315.
On Thursday, the Dow industrials managed to eke out a revenue, while the S&P 500 closed flat. Then, equities were prevented from making profits mostly because of an abrupt tumble in Apple as well as other high tech stocks. A biotech sell-off weighed on the Nasdaq Composite index too.
The week has been apparently muted for shares. Just with one trading session let to go, the Dow industrials dropped 0.1%, and the S&P 500 descended 0.3%. The Nasdaq Composite stood still.
This week, the lack of catalyst have already left traders without any clear direction.
The focus for Friday appears to be split enough, with traders watching crude and waiting for crucial economic data.