Futures retreat on doubts over more fiscal stimulus

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Futures retreat on doubts over more fiscal stimulus
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U.S. stock index futures fell on Friday as investors remained skeptical of more fiscal stimulus needed to shore up a domestic economy hammered by the pandemic-driven recession.

FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid

United Airlines Holdings Inc, Southwest Airlines Co and Alaska Air Group Inc were little changed in premarket trading even as airline unions hoped further aid would be announced before the current program ends on Oct. 1.A clutch of downbeat macroeconomic data has weighed on Wall Street in recent weeks, with the S&P 500 on course for its fourth straight week of declines.

Tech mega-caps including Facebook Inc, Alphabet Inc, Amazon.com Inc, Apple Inc and Netflix Inc headed lower after leading gains on Wall Street in the previous session. The CBOE volatility index, known as Wall Street’s fear gauge, has spiked this week and analysts have warned it could climb higher toward the end of the quarter next week as well as the Nov. 3 presidential election.

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