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Stock futures are set for lower open, oil prices slide

Alex Lowe by Alex Lowe
April 11, 2022
in Dow Jones
0

Home » Stock futures are set for lower open, oil prices slide

BY THE NUMBERS

U.S. stock futures were slightly lower Monday morning as Wall Street looks to bounce back from a losing week. Dow futures implied an opening decline of roughly 160 points, while S&P 500 and Nasdaq futures also were in the red. (CNBC)

* 10-year Treasury yield tops 2.76% to start the week (CNBC)

The tech-focused Nasdaq Composite saw the biggest declines last week, falling nearly 3.9% as investors prepared for more aggressive policy tightening from the Federal Reserve. The S&P 500 slid 1.27%, ending a three-week winning streak, while the Dow Jones Industrial Average dropped 0.28%. The 30-stock Dow has now fallen two weeks in a row.

Oil prices fell by more than 4% on Monday, sending U.S. benchmark West Texas Intermediate crude futures below $94 per barrel. International benchmark Brent dropped about 4.1% to around $98.50 per barrel. (Reuters)

IN THE NEWS

STOCKS TO WATCH

Nio (NIO) shares slumped 8.4% in premarket action after the China-based electric car maker suspended…

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2022-04-11 12:52:02

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Tags: AT&T INC.business newsFemale Health CoJetBlue Airways CorpLowe's Companies IncNio IncNVIDIA CorpPFIZER INCSailPoint Technologies Holdings Inc.Shopify IncTWITTER INC
Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

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