Traders work on the New York Stock Exchange trading floor during morning trading on May 17, 2024.
Michael M. Santiago | Michael M. SantiagoGetty Images
Equity futures fell in overnight trading following a poor start to the new trading month and final quarter of 2024.
Futures and Dow Jones Industrial Average fell slightly by 70 points, while S&P 500 Index Futures and Nasdaq 100 Futures fell by about 0.1% and 0.2% respectively.
In the after-hours action, Nike Following the sneaker giant’s decline of about 7% Cancellation of full-year guidance before the CEO change. Elliott Hill will take over the helm of Nike on October 14.
Major averages are falling lost session Rising tensions in the Middle East dampened risk appetite and investor enthusiasm for the new trading period. this Dow Jones Industrial Average fell more than 173 points, while S&P 500 Index and Nasdaq Index fell 0.93% and 1.53% respectively.
Oil prices rose sharply, CBOE Volatility Index (.VIX) Iran surges Launch ballistic missiles into Israel. The attack comes as Israel begins Ground operations into Lebanon Tensions have escalated with the Iran-backed militant group Hezbollah.
“We come to this day worried about how long it will take port strike Ryan Detrick, chief market strategist at LPL Financial, said: “This will affect markets and potential economic growth, but these concerns quickly moved to the Middle East. The biggest concern now is whether this conflict will evolve into a larger war across the region. , which could certainly be October’s big surprise.
Technology stocks were the worst-performing sector on Tuesday. The S&P 500 information technology sector fell 2.7%, recording its worst trading day in nearly a month, leading to… apple, NVIDIA, Microsoft and Tesla. U.S. Treasury yields fall as investors fall Seek safer assets.
Ahead of Friday’s September jobs report keynote, Wall Street will take a closer look at private employment through the ADP employment survey on Wednesday. As the rate-cutting cycle begins, Friday’s non-farm payrolls report may play an important role in market direction and the Fed’s next move in interest rates.
