US Stock Market Live: Dow futures fall after longest winning streak in 20 years; Brent crude sinks below $60
US Stock Market Live: Futures on Wall Street have opened with a tinge of caution on Sunday evening US time after benchmark indices registered their longest winning streak in 20 years last week, recovering all the losses made from US President Donald Trump’s tariff war in the process. The Dow futures are currently down 125 points, while those on the S&P 500 and Nasdaq are down 25 points and 90 points respectively. Watch this space for all the live updates.
US Stock Market Live: Futures on Wall Street have opened with a tinge of caution on Sunday evening US time after benchmark indices registered their longest winning streak in 20 years last week, recovering all the losses made from US President Donald Trump’s tariff war in the process. The Dow futures are currently down 125 points, while those on the S&P 500 and Nasdaq are down 25 points and 90 points respectively. US stocks received a boost on Friday after China indicated that it is evaluating US proposals for talks on tariffs, while the all important jobs data also turned out to be above expectations. The bigger story of the morning though, is the slide in crude oil prices after the OPEC+ approved of increasing output in June by another 4,11,000 barrels per day. Brent crude has slumped below the $60 per barrel mark. Saudi Arabia has warned that it can tolerate lower oil prices for long but will keep increasing output until errant members fall in line. Gold has seen some buying, while the US Dollar continues to hover around the mark of 100. Watch this space for all the Live updates.