Dow futures fall more than 100 points on concerns over trade, global growth – CNBC

U.S. stock index futures had been decrease Friday, with market participants an increasing selection of shy a pair of broadening world economic slowdown.

Dow Jones Industrial Moderate futures fell 139 aspects, indicating a loss of A hundred and forty four.fifty three aspects on the originate. Futures on the S&P 500 and Nasdaq a hundred had been additionally decrease.

The losses prolonged Thursday’s sell-off, spurred by uncertainty surrounding the China-U.S. trade talks. The Dow industrials dropped 220.seventy seven aspects to 25,169.fifty three, while the S&P 500 pulled motivate zero.ninety four p.c to 2,706.05 and the Nasdaq Composite slid about 1.2 p.c to shut at 7,288.35.

Market focal level on Friday persisted to be attuned to world trade dispositions, after President Donald Trump stated he didn’t plan to meet with Chinese President Xi Jinping earlier than a March 1 within the low cost of-off date to achieve a deal.

Trump’s stance rattled customers hoping for a determined resolution to a prolonged-running trade dispute between the arena’s two biggest economies.

Whereas Trump and Xi are peaceful anticipated to meet at final, there could be too valuable work to enact to flesh out a model out China and prepare Trump for a excessive-stakes meeting with North Korea’s Kim Jong Un. Trump’s summit with Kim is determined for February 27-28.

Somewhere else, the European Fee on Thursday sharply downgraded its forecast for euro zone economic enhance in 2019 and 2020. The facts exacerbated fears that a world economic downturn is spreading to Europe.

There are usually no longer any necessary economic reports scheduled on Friday.

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