Third-straight win for US stocks in doubt as Dow futures tumble more than 100 points - MarketWatch

This post was originally published on link to post

This article was originally published on this site

A recovery for U.S. equities showed signs of faltering on Tuesday, as stock futures stumbled in early trade, with Dow Jones Industrial Average futures dropping more than 100 points.

What are main benchmarks doing?

Dow futures YMH8, -0.63%  slid 147 points, or 0.6%, to 24,437, while S&P 500 futures ESH8, -0.52%  dropped 12.95 points, or 0.5%, to 2,642. Nasdaq-100 futures NQH8, -0.48% fell 30.50 points, or 0.5%, to 6,401.25.

On Monday, the Dow Jones Industrial Average DJIA, +1.70% rallied 410.37 points, or 1.7%, to 24,601.27, with 28 of the 30 components trading higher. The S&P 500 index SPX, +1.39% advanced 1.4%, to 2,656, while the Nasdaq Composite Index COMP, +1.56% climbed 1.6%, to 6,981.96.

That marked the second-straight winning session for U.S. stocks, as investors went hunting for bargains after last week saw the biggest weekly losses for all three indexes since 2016.

What are other assets doing?

Europe stocks SXXP, -0.16% were a mixed bag, while in Asia, the Japan’s Nikkei 225 NIK, -0.65%  dropped 0.6%, bucking a mostly stronger session for other indexes.

The dollar was under pressure, notably against the Japanese yen USDJPY, -0.97%  , where it dropped 0.9% to 107.67. The ICE U.S. Dollar Index DXY, -0.45% edged down 0.3% and bitcoin BTCUSD, -3.95%  rose 6.4% to $8,847.20.

The yield on 10-year Treasury notes TMUBMUSD10Y, -1.05% slipped to 2.826% from 2.857% seen late Monday.

Read : This chart warns that the 30-year downtrend in interest rates may be over

Crude-oil CLH8, +0.15% and gold futures GCG8, +0.41% rose slightly. Bitcoin BTCUSD, -3.95%  eased off nearly 4% to $8,539.37.

Sign up here to get our Need to Know column delivered to your email box.