Dow futures down over 100 points as Wall Street sets up for a bruising session

Losses for U.S. stock futures were building ahead of Wall Street’s open later on Wednesday, as oil prices continued to fall and investors kept watch on political risk out of the U.K. and Europe.

Dow futures YMZ8, +0.10% dropped 116 points, or 0.5%, to 25,214, while S&P 500 futures ESZ8, +0.07% fell 14.85 points, or 0.6%, to 2,712.50. Nasdaq-100 futures NQZ8, -0.15% slid 66.75 points, or 1%, to 6,785.25. Stocks closed mostly lower on Tuesday as oil plunged, with crude CLZ8, +0.88% down another 0.3% on Wednesday.

Investors were watching closely for Brexit deal news out of the U.K. as Prime Minister Theresa May prepares to bring an agreement with the EU to a divided cabinet. Weak German growth data and Italy’s refusal to revise its budget were driving European stocks lower, with the Stoxx Europe 600 index SXXP, -0.27% dropping over 1%.

 

/marketwatch.com

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