U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears.
After falling nearly 200 points earlier in the session, Dow Jones Industrial Average futures YM00, -0.49% were down about 150 points, or 0.5%, around midnight Eastern, while S&P 500 futures ES00, -0.55% and Nasdaq-100 futures NQ00, -0.51% were also about 0.5% lower in choppy trading.
Stock futures had been relatively flat before news broke that the Brothers of Italy, a far-right party with neo-fascist roots, was projected to win. That could have ripple effects on the euro, Italian banks and Italian government bonds, further roiling markets. For the week, the Dow dropped 4% while the S&P 500 slid 4.6% and the Nasdaq tumbled 5.1%, according to Dow Jones Market Data.
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