Stock Market Today: Dow futures point toward ninth straight loss ahead of retail sales report
How are stock-index futures trading:
Dow Jones Industrial Average futures fell 159 points, or 0.36%, to 44,097
S&P 500 futures fell 20 points, or 0.32%, to 6,134
Nasdaq 100 futures fell 74 points, or 0.33%, to 22,334
On Monday, the Dow Jones Industrial Average fell 111 points, or 0.25%, to 43,717, while the S&P 500 increased 23 points, or 0.38%, to 6,074, and the Nasdaq Composite gained 247 points, or 1.24%, to 20,174.
Stock futures fell on Tuesday morning in what appeared to be paving the way for a ninth day of losses from the Dow Jones Industrial Average index, as investors readied themselves for publication of the U.S. Census Bureau’s retail sales report.
The Dow’s eight straight losses marks the longest losing streak since June 2018. The S&P 500 and Nasdaq 100 indexes were, meanwhile, boosted by an increase in the valuations of the ‘Magnificent Seven’ technology giants, which on Monday saw their stock prices hit another all time high.
Investors will now be waiting out for publication of the U.S. retail sales report at 8:30 am ET after S&P’s flash PMI reports showed faster-than-expected growth in America’s service sector and slower growth in the U.S. manufacturing sector.