{"id":65093,"date":"2023-09-25T06:25:58","date_gmt":"2023-09-25T10:25:58","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/sp-500-futures-turn-lower-extending-drop-from-three-month-low\/"},"modified":"2023-09-25T06:26:00","modified_gmt":"2023-09-25T10:26:00","slug":"sp-500-futures-turn-lower-extending-drop-from-three-month-low","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=65093","title":{"rendered":"S&#038;P 500 futures turn lower, extending drop from three-month low"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002540357\" role=\"document\">\n<p>U.S. stock futures rose on Monday, bouncing off a three-month low.<\/p>\n<h2>What\u2019s happening<\/h2>\n<ul class=\"articleList\">\n<li>\n      Dow Jones Industrial Average futures<br \/>\n        YM00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210407078\/delayed\" class=\"negative\">-0.02%<\/bg-quote><br \/>\n       fell 28 points, or 0.1%, to 34204<\/p>\n<\/li>\n<li>\n      S&amp;P 500 futures<br \/>\n        ES00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209948968\/delayed\" class=\"negative\">-0.02%<\/bg-quote><br \/>\n       fell 0.1%, or 5 points, to 4356<\/p>\n<\/li>\n<li>\n      Nasdaq 100 futures<br \/>\n        NQ00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210219788\/delayed\" class=\"negative\">-0.06%<\/bg-quote><br \/>\n       fell 0.2%, or 27 points, to 14842<\/p>\n<\/li>\n<\/ul>\n<p>On Friday, the Dow Jones Industrial Average<br \/>\n        DJIA<br \/>\n       fell 107 points, or 0.31%, to 33964, the S&amp;P 500<br \/>\n        SPX<br \/>\n       declined 10 points, or 0.23%, to 4320, and the Nasdaq Composite<br \/>\n        COMP<br \/>\n       dropped 12 points, or 0.09%, to 13212.<\/p>\n<div class=\"paywall\">\n<p>Last week, the S&amp;P 500 fell 2.9%, its worst week since the period ending March 10, and its worst level since June 9.<\/p>\n<h2>What\u2019s driving markets<\/h2>\n<p>There wasn\u2019t too many catalysts for markets on Monday, though the tentative end of the writer\u2019s strike lifted media companies like Paramount Global<br \/>\n        PARA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200340870\/composite\" class=\"negative\">-4.96%<\/bg-quote><br \/>\n       and Netflix<br \/>\n        NFLX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202353025\/composite\" class=\"negative\">-1.13%<\/bg-quote><br \/>\n       in premarket trade. President Joe Biden separately is planning to go to Michigan to support the United Auto Workers strike against the Big Three automakers.<\/p>\n<p>The bigger story has been the rapid climb in long-term interest rates. Technical strategists at Bank of America said while they don\u2019t have evidence to say the move higher in the 10-year yield is complete, it is getting stretched.<\/p>\n<p>The yield on the 10-year Treasury<br \/>\n        BX:TMUBMUSD10Y<br \/>\n       rose 5 basis points to 4.49%.<\/p>\n<p>The housing crisis in China was back in the news, as Evergrande<br \/>\n        3333,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208605330\/delayed\" class=\"negative\">-21.82%<\/bg-quote><br \/>\n       shares slumped as it scrapped a $35 billion debt restructuring plan, while shares of China Aoyuan Group dived Monday in their first day of trading in more than a year. The Hang Seng<br \/>\n        HK:HSI<br \/>\n       skidded 1.8% in Hong Kong trade.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/s-p-500-futures-bounce-off-three-month-low-24458534?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures rose on Monday, bouncing off a three-month low. What\u2019s happening Dow Jones Industrial Average futures YM00, -0.02% fell 28 points, or 0.1%, to 34204 S&amp;P 500 futures ES00, -0.02% fell 0.1%, or 5 points, to 4356 Nasdaq 100 futures NQ00, -0.06% fell 0.2%, or 27 points, to 14842 On Friday, the Dow [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-65093","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P 500 futures turn lower, extending drop from three-month low | iFintechWorld<\/title>\n<meta name=\"description\" content=\"U.S. stock futures rose on Monday, bouncing off a three-month low.What\u2019s 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