Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates

CNBC ^ | August 5, 2024 | by John Melloy

[Oldeconomybuyer]

U.S. stock futures tumbled Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street.

Here’s where U.S. stock market futures stand at the moment:

* Dow Jones Industrial Average futures dropped 633 points or 1.6% following a 611-point loss on Friday.

* S&P 500 futures are down 2.6% after the benchmark lost 1.8% on Friday.

* Nasdaq-100 futures lost 4% as big tech stocks got hit hard in early trading.

[9YearLurker]

Okay, then brag away!

[9YearLurker]

Which usually means thin trading.

[bert]

Misguided drivel

[Alberta's Child]

If your labor costs push you out of your customers’ price range, you are going to be out of business before long no matter how much you’ve invested in your equipment.

This shouldn’t be a mystery to anyone. You’re seeing this happen on a large scale across the restaurant industry.

[Chuzzlewit]

I have been out of stocks since 2018. Not liquidated to cash, just out of the stock market.

[cowboyusa]

Go elsewhere with your constant negativity.

[9YearLurker]

Good one.

[bella1]

Proverbs 27:12

“The wise see danger ahead and prepare for it, but a fool goes along in his folly.”

[9YearLurker]

Markets up 90% since then, though of course due for a major “correction”.

[desertsolitaire]

Are the current Dow futures of -1229 above the automatic triggers for suspension of trading?

[9YearLurker]

Nope. That’s just about 3%.

[JesusIsLord]

Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies

"It's the economy stupid". Famous James Carville quote from 1992 Clinton campaign.

Current market (bad) news makes me think the Lord is putting His thumb on the scale to counter the gross anti-Trump media bias.

[Oldeconomybuyer]

Dow futures tumble 1,200 points as global stock market rout intensifies: Live updates:

Dow Jones Industrial Average futures dropped 1,280 points, or 3.1%,

S&P 500 futures are down 4.6% after the benchmark lost 1.8% on Friday.

Nasdaq-100 futures lost 6%

[Chgogal]

“ That is an enormous drag on overall productivity and ultimately a drain on the entire nation.”

BTTT

[Jane Long]

Could very well be. ☝🏼

[The Louiswu]

I’m sure Heels Up will find a way to spin a crashing market to her advantage and the media will go along for the ride.

[mware]

Futures down -1100. Hold on tight folks. Haven’t got a call from my investor yet. Luckily just took 10,000 out and put in bank three weeks ago.

[CapnJack]

That's it ... I'm canceling my deck refurbishment project. I was looking at dropping almost $3,000 on new decking and railing.

I'll make do until sometime in the future.

Hope I still have a job by the end of the year.

Time to go into serious lockdown mode on spending.

[mware]

I can see it now. “ Stock market, is a market, but you don’t buy food there.”

[grey_whiskers]

Dang,I missed the boat.

I blame my boss. (Up till 1:30 and till 3:00AM two nights last week working on a project.)