Dow futures sag by 100-plus points

On Thursday, a selloff in American stock futures was taking hold, pointing to a dip at the open as traders found little to cheer in the Fed’s latest thoughts or in fresh Chinese economic data.

S&P 500 futures descended 0.7%, trading at 2,116.50, while Dow Jones Industrial Average futures lost 0.7% too, being worth 17,933. Nasdaq-100 futures also dipped 0.7%, trading at 4,778.75.

The sell-off arose after minutes from the Fed’s September gathering showed support for an interest rate lift soon.

The minutes confirmed that policy makers come with differing views, while a divided Fed turns to be bad for financial markets.  Mixed signals make it very difficult for market participants to craft a worthy strategy,

On Wednesday, the S&P 500 as well as Dow both ended 0.1% higher, stabilizing somewhat after Tuesday’s 200-point drop for the blue-chip gauge.

Meanwhile, Thursday’s data showed that last month Chinese exports sank more than expected.




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