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Stock Indices Futures Fall
Published : 06-10-2021 - Duration : 00:52 - View : 558
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U.S. stock index futures dropped over 1% on Wednesday as rising oil prices caused inflation concerns. Additionally, the Federal Reserve is pulling back on stimulus measures used during the COVID-19 pandemic. 10-year yields rose to their highest level since June, and tech stocks fell once again with Facebook($FB@US), Amazon ($AMZN@US), and Alphabet ($GOOGL@US)dipping around 1.5%. Aircraft manufacturer Boeing ($BA@US) and industrial giant Caterpillar ($CAT@US) also fell somewhere between 1 and 2%. American Airlines ($AAL@US) fell 3.9% after its rating was cut by Goldman Sachs ($GS@US) to neutral, Dow e-minis dropped 358 points, S&P 500 e-minis were down 53 points and NASDAQ 100 e-mini plummeted over 210 points in early trading.
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