Stock Futures Point to Lower Open; Boeing Shares Down After South Korea Crash

Stock Futures Point to Lower Open; Boeing Shares Down After South Korea Crash

Major U.S. stock indexes are poised to open lower on Monday, adding to the previous session’s steep losses.

Futures tied to the Dow Jones Industrial Average were down 0.6% in recent trading, while those linked to the S&P 500 and Nasdaq each fell 0.8%. The S&P 500 and Nasdaq Composite both dropped more than 1% on Friday, erasing most of the gains posted earlier during the holiday-shortened trading week.

Boeing (BA) shares were down more than 3% in premarket trading after a 737-800 operated by South Korea’s Jeju Air crashed, killing 179 people. Boeing shares have lost one-third of their value this year as the company has faced a series of aircraft quality problems and a cash drain following a nearly two-month strike by its union machinists.

Large-cap technology stocks were down across the board this morning, led by a 2% decline for shares of EV maker Tesla (TSLA). Apple (AAPL), which is on the verge of becoming the first company to ever have a market value of $4 trillion, was down 1% ahead of the bell, while Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META) and Broadcom (AVGO) also lost ground. 

The yield on 10-year Treasurys, which correlates with market expectations about where interest rates are headed, was at 4.58% in recent trading, down from 4.62% on Friday.

Bitcoin was at $93,800, down from its Friday highs around $97,000 but little changed from the levels it traded at on Sunday.

Gold futures were holding steady at around $2,630 an ounce, while crude oil futures rose about 0.5%.

Major Index Stock Futures Lose Ground

25 minutes ago

Futures tied to the Dow Jones Industrial Average were down 0.6% in recent trading.

TradingView


S&P 500 futures were down 0.8%.

TradingView


Nasdaq 100 futures were also off 0.8%.

TradingView


More From Author

Traders work on the New York Stock Exchange (NYSE) floor on December 18, 2024 in New York City.

10 stocks to watch in 2025

Asian shares mixed after Wall Street slips, led by tech giants

Asian shares mixed after Wall Street slips, led by tech giants

Leave a Reply

Your email address will not be published. Required fields are marked *