Stock Futures Slip, Signaling Losses After Fresh Records morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones
By Joe Wallace U.S. stocks declined Friday, signaling a muted end to a strong week on Wall Street. The Dow Jones Industrial Average fell 85 points, or 0.3%. The blue-chip average was still on course for modest weekly gains. The S&P 500 slipped 0.1%, backing away from Thursday s record, and the Nasdaq Composite lost less than 0.1%. Markets appeared to be pausing after rallying for much of January, with money managers saying there was no clear catalyst for the decline. Investors have been cheered in recent days by a solid start to earnings season, though some are concerned that high valuations in corners of the market will leave stocks vulnerable in the coming months.
Provided by Dow Jones
By Joe Wallace U.S. stock futures declined Friday, signaling a muted end to a strong week on Wall Street as investors awaited data on how the economy performed at the start of 2021. Futures tied to the S&P 500 fell 0.6%, indicating the benchmark gauge may open lower after megacap technology companies pushed it to its fourth record close of the new year Thursday. Futures for the technology-focused Nasdaq-100 index lost 0.5% and contracts tied to the Dow Jones Industrial Average declined 0.8%. Markets appeared to be pausing after rallying for much of January, with money managers saying there was no clear catalyst for the decline. Investors have been cheered in recent days by a solid start to earnings season, though some are concerned that high valuations in corners of the market will leave stocks vulnerable in the coming months.