Dow futures fall more than 250 points as market concerns increase
US stock index futures fell on Sunday night, after a losing week on Wall Street amid concerns about Fed policy and the rapidly spreading omicron variant of COVID-19.
Dow Jones Industrial Average futures YM00,
fell around 270 points, or 0.8%, at midnight east. S&P 500 futures ES00,
was down 0.9%, or 40 points, while the Nasdaq-100 futures NQ00,
fell 1%, or 155 points. Oil prices also fell, with West Texas intermediate crude oil CL.1 in the first month,
falls almost $ 2 a barrel Sunday night, and Brent crude oil BRN00,
the global benchmark index, corresponding off.
Dow DJIA,
fell more than 500 points, or 1.5%, on Friday, and the S&P 500 SPX,
and Nasdaq Composite COMP,
follows the lower one. For the week, the Dow lost 1.7%, the S&P 500 fell 1.9% and the Nasdaq fell 3%.
Last week’s losses came as investors weighed on the US Federal Reserve’s hawkish pivot, accelerated the reduction in monthly bond purchases and predicted three rate hikes next year.
On Sunday, President Joe Biden’s signature on the $ 2 trillion spending plan seemed doomed when Senator Joe Manchin, DW.Va., said he could not support it – potentially giving Biden and the Democrats a huge political loss.
Meanwhile, new COVID-19 cases are growing rapidly in many parts of the world, driven by the rapid spread of omicron. Dr. Anthony Fauci said Sunday that he expects record-high cases of COVID-19 this winter, and urged people to get vaccinated and get boosters.
Wall Street has a shortened week to come, with markets closed on Friday due to the Christmas holidays.
