.S. equities have been taking a look at a probably downbeat begin to the week, as stock futures tumbled Monday on weaker-than-expected China trade data that has sparked fresh considerations over a global economic slowdown.
How are main benchmarks faring?
Dow Jones Industrial Average futures
slid 183 factors, or zero.eight%, to 23,769, whereas S&P 500 futures
fell 20.10 factors, or zero.eight%, to 2,575. Nasdaq-100 futures
dropped 76 factors, or 1.2%, to six,547.25.
On Friday, The Dow Jones Industrial Average
fell 5.97 factors to 23,995.95, whereas the S&P 500 index
slipped zero.38 level to 2,596.26. The Nasdaq Composite Index
shed 14.59 factors, or zero.2%, to six,971.48.
For the week, the Dow rose 2.four%, the S&P 500 gained 2.5%, and the Nasdaq rallied three.5%.
What’s driving the market?
Appetite for perceived riskier belongings such as shares took successful Monday, after data confirmed weak China imports and exports for December, which underpinned worries of a slowdown within the global progress engine. And China’s trade surplus with the U.S. soared to a fresh record of $323.32 billion in 2018, whereas the 2 nations proceed to attempt resolving these variations.
Earnings season will kick off on Monday, with Citigroup Inc.
scheduled to report forward of the bell. J.P. Morgan Chase & Co.
, Wells Fargo & Co.
, BlackRock, Inc.
, Goldman Sachs Group Inc.
and Netflix Inc.
are a number of of the opposite massive corporations resulting from report this week.
Investors are jittery forward of the beginning of the fourth-quarter earnings reporting season after high- profile warnings from Apple Inc.
Brexit considerations will rise to the forefront this week as U.Okay. lawmakers get ready to vote on Prime Minister Theresa May’s divorce deal with the European Union Tuesday. U.Okay. opposition chief Jeremy Corbyn stated Sunday the Labour Party will push for a common election if Parliament rejects May’s deal, and that he may pressure a vote of no-confidence “soon.”
How are different markets buying and selling?
Asia markets have been principally weaker, led by a 1.6% drop in Hong Kong’s Hang Seng Index
. Futures data pointed to a weaker session for European shares as properly.
A risk-off environment additionally drove down oil costs, with West Texas Intermediate crude
for February down 1.5% to $50.82 a barrel. Gold
was bid barely larger, up zero.2% to $1,291.60 an oz, and the ICE Dollar Index
was regular at 95.584.
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