Wednesday, October 10, 2018

The selloff that started on October 4th continues...

Stock futures fall, S&P 500 could notch longest losing streak since November 2016

Published: Oct 10, 2018 8:49 a.m. ET

U.S. stock-index futures inched lower on Wednesday, suggesting the major indexes would extend their recent downtrend as investors continued to monitor a rise in bond yields and the implications it could have on equity prices.

Where are the major benchmarks trading?

Futures for the Dow Jones Industrial Average YMU9, -0.93%  lost 80 points, or 0.3%, to 26,399. S&P 500 futures ESU9, -0.17%  slid 10.70 points to 2,877.25, a decline of 0.4%. Nasdaq 100 futures NQU9, +0.17%  were down 46 points to 7,352.25, off 0.6%.

Stocks closed mostly lower on Tuesday, with the S&P SPX, -0.53%  down for a fourth straight session, although the moves on the day were slight. Should the S&P end lower on Wednesday, marking its fifth straight loss, that would represent its longest streak of losses since November 2016.

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