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Home>Dow industrials flirt with fourth daily drop in a row

Dow industrials flirt with fourth daily drop in a row

Dow industrials flirt with fourth daily drop in a row


By Victor Reklaitis, MarketWatch

Blue-chip stocks could build on Monday's fall that was spurred by a tech selloff, North Korea worries

U.S. stock futures on Tuesday pointed to a small drop at the open, putting the Dow on track to retreat for a fourth session in a row.

Investors are waiting for fresh readings on the housing market and consumer confidence, as well as speeches from Federal Reserve chief Janet Yellen and three other U.S. central bankers.

Dow Jones Industrial Average futures edged lower by 8 points, or less than 0.1%, to 22,268.00, while S&P 500 futures inched down by 1.75 points to 2,495.25. Nasdaq-100 futures notched a gain of 1.25 points to 5,877.75.

On Monday, the Dow fell by 53.50 points, or 0.2%, pulling back for a third straight session and finishing 0.5% below an all-time closing high achieved last Wednesday. The S&P 500 dropped 0.2%, and the tech-heavy Nasdaq Composite lost 0.9%.

Analysts pinned Monday's drop on a selloff for tech stocks and another flare-up in tensions between the U.S. and North Korea (http://www.marketwatch.com/story/us-stocks-set-to-struggle-as-investors-look-for-guidance-from-fed-speakers-2017-09-25).

"Apart from geopolitics, the dollar will also take its cue from fresh data and news from the U.S. today, with the U.S consumer confidence report pending for release and Fed Chairwoman Janet Yellen speaking," said Konstantinos Anthis, an ADS Securities analyst, in a note on Tuesday.

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