Dow futures drop nearly 500 points on concerns about the global economic comeback

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CNBC: Futures contracts tied to the major U.S. stock indexes fell on Thursday on concern about the global economic comeback from Covid-19. The losses came as Japan declared a state of emergency in Tokyo for the upcoming Olympics and as countries deal with a rebound in cases because of Covid variants.

Dow futures dropped 465 points, or 1.4% with losses increasing throughout the overnight session. S&P 500 futures also lost 1.35%. Nasdaq 100 futures fell 1.5%. Both the S&P 500 and Nasdaq Composite closed at records in the prior session because of gains from tech shares.

Looking ahead to Thursday’s session, investors will pore over the Labor Department’s latest jobless claims figures.

Futures contracts tied to the major U.S. stock indexes fell on Thursday on concern about the global economic comeback from Covid-19. The losses came as Japan declared a state of emergency in Tokyo for the upcoming Olympics and as countries deal with a rebound in cases because of Covid variants.

Dow futures dropped 465 points, or 1.4% with losses increasing throughout the overnight session. S&P 500 futures also lost 1.35%. Nasdaq 100 futures fell 1.5%. Both the S&P 500 and Nasdaq Composite closed at records in the prior session because of gains from tech shares.

Looking ahead to Thursday’s session, investors will pore over the Labor Department’s latest jobless claims figures. Read More

 

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