U.S. stock futures pointed to a lower open Wednesday, with the selling blamed on what has been dubbed “Trump Hell Hour.”
Former Trump campaign chairman Paul Manafort late Tuesday was found guilty on eight charges including tax fraud, and the president’s former lawyer Michael Cohen said he violated campaign-finance law at President Donald Trump’s direction.
Dow Jones Industrial Average futures shed 40 points, or 0.2%, to 25,767, while S&P 500 futures ESU8, -0.23% lost 4.70 points, or 0.2%, to 2,857. Nasdaq-100 futures fell 11.25 points, or 0.2%, to 7,386.25.
On Tuesday, the Dow S&P 500 SPX, +0.21% and Nasdaq Composite scored gains ranging from 0.2% to 0.5%. The three gauges are showing year-to-date advances ranging from 4.5% to 14%.