Futures sharply lower as selloff continues
2018-10-11 07:30:55
Stock futures are indicating an extension of yesterday's selloff as the market's rout looks set to continue. There was nothing in the way of macro news, but global markets followed yesterday's U.S. performance and moved sharply lower. The S&P has now pulled back almost 5% from its most recent high, shifting the risk/reward as the Q3 earnings season begins. Investors will be watching the consumer prices report, initial and continuing jobless claims data, and the weekly energy inventory reports. In early pre-market trading, Dow futures are 298 points below fair value, Nasdaq…
Stock futures are indicating an extension of yesterday's selloff as the market's rout looks set to continue. There was nothing in the way of macro news, but global markets followed yesterday's U.S. performance and moved sharply lower. The S&P has now pulled back almost 5% from its most recent high, shifting the risk/reward as the Q3 earnings season begins. Investors will be watching the consumer prices report, initial and continuing jobless claims data, and the weekly energy inventory reports. In early pre-market trading, Dow futures are 298 points below fair value, Nasdaq futures are 80 points below fair value and S&P futures are 29 points below fair value.