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Stocks at risk of turning negative for week as trade woes overshadow GE, Microsoft results


Friday, 20 July 2018 18:44 WIB

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U.S. stock-index futures struggled for direction on Friday, as investors wrestle with escalating tensions between the U.S. and major trading partners, though investors also focused on quarterly results from General Electric and Microsoft.

Futures for the Dow Jones Industrial Average fell 82 points, or 0.3%, to 24,978.00, and futures for the S&P 500 futures slipped 5.80 points to 2,799.25, a decline of 0.2%. Nasdaq-100 futures however, rose 19.75 points, or 0.3%, to 7,387.25

The Dow S&P 500 and Nasdaq Composite closed lower Thursday. The Dow broke a five-session win streak by falling 0.5% to 25,064.50, and the S&P 500 lost 0.4% to 2,804.49, led by a sell-off in the financial sector. The Nasdaq Composite Index shed 0.4% to 7,825.30.

Based on Thursday’s close, the Dow is up 0.2% for the week while the S&P is up 0.1%. The Nasdaq is flat.

Source: Marketwatch


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