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 October 11, 2018 - 8:34 AM EDT
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Futures indicate more big losses Thursday

Futures indicate more big losses Thursday

U.S. stock index futures tanked ahead of Thursday's open, as the global market rout continued to thrash stocks.

Futures for the Dow Jones Industrials swooned 144 points, or 0.6%, to 26,375

S&P 500 futures lost 12 points, or 0.4%, to 2,769, while futures for the NASDAQ composite retreated 29.75 points, or 0.4%, to 7,002.25

Tech shares were also headed for a steep decline after posting their worst day in seven years in the previous session. Facebook and Apple were both down more than 1% in the pre-market, while Amazon and Netflix dropped at least 2% each. Twitter and Alphabet also traded more than 1% lower.

The rise in yields and the steep drop in equities come as Wall Street braces for the latest round of corporate earnings. J.P. Morgan Chase and Citigroup are among the companies set to kick off the season. Wall Street has high hopes for corporate earnings, with analysts polled by FactSet expecting a 19% gain on a year-over-year basis.

Overseas, in Japan, the Nikkei 225 fell 3.9% Thursday, while in Hong Kong, the Hang Seng regressed 3.5%

Oil prices dropped $1.05 to $72.12 U.S. a barrel.

Gold prices climbed $14.30 to $1,207.70 U.S. an ounce.


Source: Livemoney (October 11, 2018 - 8:34 AM EDT)

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