Dow futures sag by 100-plus points
On Thursday, a selloff in American stock futures was taking hold, pointing to a dip at the open as traders found little to cheer in the Fed’s latest thoughts or in fresh Chinese economic data.
S&P 500 futures descended 0.7%, trading at 2,116.50, while Dow Jones Industrial Average futures lost 0.7% too, being worth 17,933. Nasdaq-100 futures also dipped 0.7%, trading at 4,778.75.
The sell-off arose after minutes from the Fed’s September gathering showed support for an interest rate lift soon.
The minutes confirmed that policy makers come with differing views, while a divided Fed turns to be bad for financial markets. Mixed signals make it very difficult for market participants to craft a worthy strategy,
On Wednesday, the S&P 500 as well as Dow both ended 0.1% higher, stabilizing somewhat after Tuesday’s 200-point drop for the blue-chip gauge.
Meanwhile, Thursday’s data showed that last month Chinese exports sank more than expected.