American futures sink 130 points

American futures sink 130 points

On Wednesday, American futures pointed to a steeply lower start, with a slide in crude prices as well as  uncertainty as for the state of US tax reforms dampening risk sentiment because market participants geared up for more data and also earnings.

The blue-chip Dow futures lost 130 points, the S&P 500 futures declined 14 points, while the tech-heavy Nasdaq 100 futures headed south 32 points.

On Tuesday, all three key American stock indexes concluded lower because General Electric dived for a second straight day.

Weak crude prices affected investor appetite for riskier assets. Crude prices declined 1%, thus extending Tuesday's steep dips, amid rumors weekly supply data due later in the day will demonstrate a large jump in American crude inventories.

Additionally, the US Energy Information Administration is expected to publish its official weekly crude supplies data for the week by November 10.

Financial experts expect consumer prices to tack on 0.1%. Core inflation is believed to add 0.2%.

Similar

Japanese stocks decline at close of trade

On Thursday, Japanese equities dived after the close because losses in the Power, Machinery as well as Transportation Equipment sectors suppressed stocks…

Australian equities head north

On Wednesday, Australian equities added after the close due to the fact revenues in the A-REITs, Consumer Staples not to mention Industrials sectors supported stocks…

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera