U.S. stock indexes on Wednesday are set to sink on the first trading day of 2019, with the downbeat start to trading after New Year’s Day attributed to Asian markets reacting poorly to signs of economic weakness in China.
Futures for the Dow Jones Industrial Average were down 341 points, or 1.5%, at 22,927, those for the S&P 500 index declined by 37.45 points, or 1.5%, at 2,468, while Nasdaq-100 futures fell 135 points, or 2.1%, at 6,197.50.
On Monday, the Dow rose 265.06 points, or 1.2%, to 23,327.46, while the S&P 500 gained 21.11 points, or 0.9%, to 2,506.85. The Nasdaq Composite Index advanced 50.76 points, or 0.8%, to 6,635.28.
The Dow ended the year down 5.6%, the S&P 500 closed 6.2% lower, while the Nasdaq booked a 3.9% loss, according to FactSet data.
Source : Market Watch