Dow Jones Futures Fall
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Doubts about a potential third Federal Reserve rate in December triggered an 800-point drop in the Dow Jones Industrial Average on Thursday.
Major stock indexes finished mixed Friday, with the Dow Jones Industrial Average declining for a second straight session but registering a weekly gain.
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U.S. stock futures declined on Friday after Thursday’s sharp sell-off. Futures of major benchmark indices were lower.
Fears that American companies have been overspending on AI, with some already shelling out billions of dollars, have rocked markets over the past two weeks.
The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457.
Dragged down by losses for shares of Goldman Sachs and UnitedHealth, the Dow Jones Industrial Average is in a selloff Friday morning.
US indices slipped in pre-market trading on Friday, with the Nasdaq 100, Dow Jones 30, and S&P 500 all testing key technical levels. Markets appear cautious, and traders are watching trend lines and major round numbers for signs of stabilization or deeper correction.
U.S. stocks settled lower on Thursday, with the Dow Jones index dipping around 800 points during the session despite federal agencies reopening after the longest government shutdown in U.S. history, as investors aggressively repriced Fed rate-cut expectations following a wave of hawkish remarks from central bank officials.