October 20, 2021
Economy

Stock futures open slightly lower ahead of Federal Reserve update

U.S. stock futures opened slightly lower Tuesday night after the major averages tried but failed to rebound from Monday’s Evergrande-led sell-off in the regular session.

Dow Jones Industrial Average futures fell 50 points, or 0.15%. S&P 500 futures and Nasdaq 100 futures fell 0.19% and 0.22%, respectively.

In regular trading the Dow lost 50.63 points, or 0.15%. The S&P 500 shed about 0.1% following its worst day since May on Monday. The Nasdaq Composite rose 0.2%.

The global markets continued to digest the news of the possible default of the embattled Chinese property developer Evergrande. At its high point, the Dow Jones Industrial average reclaimed more than half of Monday’s losses but those gains eventually evaporated in what ended up being a volatile session.

The Dow and S&P looked poised to snap a three-day losing streak in the late afternoon but turned lower into the close,…

Read full article here: www.cnbc.com