Nasdaq expected to lead losses on Wall Street
Friday,
16-Nov-2018
04:42 PM (IST)
As hopes for a thawing of trade tension between the U.S. and China fade to the background and uncertainty surrounding a possible Brexit deal between the UK and EU rise, U.S. futures pointed to a lower open on Wall Street. Nvidia’s disappointing outlook hit sentiment on tech stocks with the Nasdaq expected to lead the losses.The blue-chip Dow futures fell 89 points, or 0.35%, S&P 500 futures lost 14 points, or 0.49%, while the Nasdaq 100 futures traded down 78 points, or 1.16%.Elsewhere, European stocks struggled to recover after a rough week where Brexit tensions and worries over the Italian budget sent shares sprawling. Investors remained cautious as they waited for the UK to make a move on whether to oust Theresa May from power.Earlier, Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from chipmaker Nvidia which slugged the tech sector.
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