Dow poised to snap 8-session win streak as oil market's historic supply disruption rattles

Monday, 16 September 2019 18:58 WIB

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U.S. stock-indexes on Monday were set to pull back from record-range and the Dow was set to halt a win streak at eight consecutive days as a weekend attack against Saudi Arabia's oil-production facilities unsettled global markets and sent crude prices rocketing higher.

The attacks playing out in the Middle East come as stocks are on the brink of fresh all-time highs ahead of a eagerly awaited gathering of central bankers, headlined by the Federal Reserve's interest-rate decision on Wednesday.

Futures for the Dow Jones Industrial Average were down 111 points, or 0.4%, at 27,103, with an eight-day rally in jeopardy. S&P 500 index futures declined 13.10 points, or 0.4%, at 2,995.50, while Nasdaq-100 futures fell 49.75 points, or 0.6%, at 7,858.50.

Source : MarketWatch


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