U.S. stock futures were dropping early Wednesday, a day after stocks staged a dramatic turnaround following a recent spate of extreme volatility for equities. Dow industrial futures fell 245 points, or 1%, to 24,550, while S&P 500 futures dropped 29.30 points, or 1.1%, to 2,665. Nasdaq-100 futures fell 79.25 points, or 1.2%, to 6,574.25. The Dow industrials rallied 567 points on Tuesday, reversing that exact same point fall seen at the open. The turnaround came after the index’s worst one-day point decline in history on Monday. The Dow, S&P 500 and Nasdaq Composite returned to positive territory for the year after Tuesday’s action. Oil futures moved modestly higher, while gold inched up and the ICE Dollar Index was holding steady.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News