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Home>UPDATE: Dow futures in holding pattern after 3-session skid

UPDATE: Dow futures in holding pattern after 3-session skid

UPDATE: Dow futures in holding pattern after 3-session skid

09/26/2017

By Victor Reklaitis, MarketWatch

Blue-chip stocks try to steady themselves after Monday's fall that was spurred by a tech selloff, North Korea worries

U.S. stock futures on Tuesday pointed to a muted open, as the Dow industrials try to stabilize after three down sessions 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 higher by 4 points, or less than 0.1%, to 22,280.00, after earlier showing a small loss earlier.

Futures for the S&P were flat at 2,496, while those for the tech-heavy Nasdaq-100 notched a gain of 15 points, or 0.3%, to 5,891.50.

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).

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