U.S. stock index futures declined on Monday as COVID-19 flare ups in China added to concerns about slowing growth, while Disney shares jumped as investors cheered Bob Iger's surprise comeback as chief executive.
less than a year after he retired coincided with the entertainment company's attempt to boost investor confidence and profits at its streaming media unit.
U.S.-listed Chinese stocks including JD.COM and Alibaba Group were down about 5% and 2%, respectively, with the latest wave of COVID-19 casesAttention turns to Wednesday's release of minutes from the U.S. Federal Reserve's November meeting after some officials reiterated the central bank's pledge to continue monetary policy tightening until inflation was in check, in part pushing the three main indexes lower on Friday.
Traders are placing a 19% bet on the Fed hiking its key benchmark rate by 75 basis points in the December policy meeting, with a peak for rates expected in June. At 5:22 a.m. ET, Dow e-minis were down 92 points, or 0.27%, S&P 500 e-minis were down 22 points, or 0.55%, and Nasdaq 100 e-minis were down 86.75 points, or 0.74%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stock futures dip as China COVID-19 fears resurfaceCommodity prices fall while the dollar and Treasury prices rise amid risk averse tone.
Read more »
China reports first Covid-19 deaths in nearly 6 months as cases spike | CNNChina has reported its first deaths of Covid-19 patients in nearly six months as the country struggles to contain a surge in cases across multiple cities that's testing the limits of its tough zero-Covid strategy.
Read more »
China reports first Covid deaths in six months amid strict zero-cases policyThree deaths have been reported in Beijing where cases have been rising despite China's strict zero-Covid policy.
Read more »
China Records First Covid-19 Deaths Since May as Cases Edge Toward Record HighChina acknowledged its first deaths related to Covid-19 in about six months as surging cases collide with a government push to ease unpopular and costly pandemic controls
Read more »
China COVID cases steady as many Beijing businesses, schools shutNew coronavirus case numbers held steady in China near April peaks on Sunday as many shops and restaurants in Beijing's most populous district were shut and schools in the area said classes would go online for the coming week.
Read more »