Futures Decline over Trade Suspense

Futures Decline over Trade Suspense


Stock futures slipped on Thursday as investors awaited another key inflation report.

Futures for the Dow Jones Industrials sank 132 points, or 0.3%, to 41,261

Futures for the S&P 500 index dropped 24 points, or 0.4%, to 5,580.75

Futures for the tech-heavy NASDAQ capsized 127 points, or 0.4%, to 19,491.50.

Week to date, all three major averages are on pace for steep declines. The S&P 500 and NASDAQ are on track for losses of about 3%. The Dow is off 3.4% in the period, heading for its worst week since March 2023. The broad market index briefly dipped into correction territory on Tuesday, down 10% from a record set in February.

Beleaguered tech stocks caught a bid Wednesday as investors snapped up shares, lifting the S&P 500 higher by 0.5%. The NASDAQ Composite also popped 1.2% thanks to gains from Nvidia and Palantir Technologies. The 30-stock Dow was an outlier, however, notching a third straight losing day and falling 0.2%.

Investors Thursday are awaiting more inflation data in the form of last month’s producer price index.

In Japan, the Nikkei 225 edged lower 0.1% Thursday, while in Hong Kong, the Hang Seng fell 0.6%.

Oil prices slid 72 cents to $67.26 U.S. a barrel.

Gold prices gained $9.90 to $2,956.70 U.S. an ounce.


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