Stock futures pare losses as oil rises, dollar routed

U.S. stock futures pared losses in early trading on Tuesday as oil prices rose. From a triple-digit loss, Dow Jones Industrial Average futures were last down 31 points to 15,959, while S&P 500 futures dropped 3 points to 1,848.75. Nasdaq 100 futures fell 1 point to 3,962.50. In Monday’s session, U.S. stocks trimmed steep losses, but still finished broadly lower with the S&P 500 finishing at its lowest level since April 2014, at 1,853.44. Oil prices rose 72 cents, or 2.5%, to $30.41 on Tuesday, lifted some as the U.S. dollar fell sharply against the yen. Investors were seeking the perceived safe haven of the Japanese currency amid a global market rout, spurred by growth concerns. The Nikkei 225 index closed down 5.4% on Tuesday.

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.

…read more

From:: Stock Market News

Leave a Reply