U.S. stock futures on Thursday were pointed to a third consecutive decline, as key tech earnings and a major jobs report loom.
What’s happening On Wednesday, the Dow Jones Industrial Average DJIA fell 348 points, or 0.98%, to 35283, the S&P 500 SPX declined 63 points, or 1.38%, to 4513, and the Nasdaq Composite COMP dropped 310 points, or 2.17%, to 13973.What’s happening On Wednesday, the Dow Jones Industrial Average DJIA fell 348 points, or 0.98%, to 35283, the S&P 500 SPX declined 63 points, or 1.38%, to 4513, and the Nasdaq Composite COMP dropped 310 points, or 2.17%, to 13973.
There also was the decision by Fitch Ratings to downgrade the U.S. credit rating, even though the move was criticized by observers including former Treasury Secretary Larry Summers and JPMorgan Chairman and CEO Jamie Dimon. According to Evercore ISI, the average stock price reaction for the 368 S&P 500 companies so far that have reported results is -0.7%.
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