US stock futures sink, oil prices surge
Digest more
PM EDT 2 min read Attention this week is dialed in to results from a number of labor market indicators, including the Job Openings and Labor Turnover Survey (JOLTS) and the ADP private payrolls report.
The Dow Jones Industrial Average sank into correction territory on Friday, joining the Nasdaq, which entered a correction the day before.
Why are US stock market futures down today, and will Dow, S&P 500 and Nasdaq stay in red or turn green again? Futures slipped as Middle East tensions, inflation fears, jobless claims data, Fed outlook,
Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.
Managed futures, which track macro themes expected to play out over months, do well when traditional assets are falling. This could be one of those times.