Connect with us


100 points slashed from DOW’s future, amidst polls



100 points slashed from DOW's future, amidst polls

The future contracts of major U.S. stock indexes slashed down heavily on the early morning of Thursday. This foretold that the market will suffer high losses when trading resumes.

S&P 500 and Nasdaq-100 futures both suffered heavily and are stuck in trading in negative figures. However, Dow Jones Industrial Average futures slashed 135 points.

Futures came under pressure after news of involvement from Iran and Russia. Iran speculated to intrude in the U.S. polls, and Russia has also obtained American voter information.

It has only been analyzed by the Director of National Intelligence John Ratcliffe that Iran is trying to defame President Trump. As, after research, he said: “Iran is sending spoof emails designed to intimidate voters, incite unrest and damage President.”

The declaration that the intelligence officials made stirred in an already burning election situation in the country. This makes it more uncertain whether the U.S. is going to properly find out powerful policies or measures in the economic and health sectors.

The Dow Jones industrial average gained more than a hundred points on Wednesday. However, 97.97 points slashed later on the day. However, both the S&P 500 and the Nasdaq composite lost 0.2% and 0.3%, respectively, on Wednesday.

For extended trading, investors got a slight positiveness from comments on stimulus by the Speaker Nancy Pelosi and Drew Hammill. “Today’s conversation brings us closer to being able to put pen to paper to write legislation,” Hammill on Wall Street.

Hammill explained that the speaker and the secretary would again meet tomorrow for a meeting and settle open questions.

However, Tesla struck its fifth straight quarter profits, and in after-hours trading, Tesla stock gained up to 2.9 %. The decline in drink sales in the third quarter has led Chipotle Mexican Grill’s equity to fall to 4% in extended trading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *