Sumary of U.S. stock futures bounce slightly as markets try to shake the September doldrums:
- U.S. stock futures bounced a bit on Wednesday after the Dow Jones Industrial Average dropped nearly 300 points on Tuesday, the latest in a string of bad trading sessions this September.
- Dow Jones Industrial Average futures Tuesday ticked about 24 points higher.
- S&P 500 futures gained 0.2% and Nasdaq 100 futures added 0.2%Markets have been in a funk so far this month amid rising investor worries about the delta variant derailing the economic recover, along with hand-wringing over the next action by the Federal Reserve.
- Tuesday marked the fifth straight day of losses for the Nasdaq.
- “Despite concerns about the recent downshift in economic and business cycle momentum, we remain confident that strong growth lies ahead and activity is bound to re-accelerate,” wrote JPMorgan strategist Dubravko Lakos-Bujas, in a note Wednesday.
- ” Microsoft shares gained 1% in premarket trading after announcing a dividend increase and a sizable $60 billion share repurchase program.
- Apple shares rebounded in premarket trading after the shares fell Tuesday amid the unveiling of a new iPhone and other products.
- In regular trading Tuesday, the Dow fell 292.06 points, or 0.8%, to 34,577.57, retreating after it snapped a five-day losing streak on Monday.