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Dow's 8-session win streak in jeopardy as U.S. stock futures dip


Tuesday, 15 May 2018 16:12 WIB

Indeks saham berjangka A.S.Indeks berjangka Standard & Poor’s 500Kontrak Dow Jones Industrial AverageIndeks Saham Berjangka ASNasdaq-100 futures


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U.S. stock futures edged lower Tuesday, indicating the Dow could struggle to stretch its eight-session winning streak into another day.

The yield on the 10-year Treasury note was poking back above the 3% handle, and traders were bracing for readings on retail sales and the housing market, as well as Federal Reserve speeches.

Dow Jones Industrial Average futures slipped 62 points, or 0.3%, to 24,824, while S&P 500 futures eased 7.40 points, or 0.3%, to 2,723.50. Nasdaq-100 futures lost 19.75 points, or 0.3%, to 6,954.25.

Higher interest rates can peel some money away from stocks.

The stock market seems to have turned a corner this month, overcoming concerns about inflation, rising rates, trade fights and geopolitical tensions.

Source: Marketwatch


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