Fred Imbert, Spriha Srivastava
At 7:16 a.m. ET, Dow Jones Industrial Average futures were down 64 points, indicating a loss of 49 points at the open. S&P 500 and Nasdaq 100 futures also pointed to slight losses.
Boeing shares fell more than 2 percent in the premarket, adding to steep losses from Monday’s session. Boeing fell after Edward Jones downgraded the stock to hold from buy, citing a possible “delay in orders ” after two 737 MAX jets crashed in less than 6 months.
Stocks rose on Monday as strong gains in tech firms like Apple and Facebook offset a steep decline in Boeing. Better-than-expected January U.S. retail sales numbers also gave a boost to confidence, after a raft of weak December data.
Monday’s moves came after U.S. major indexes posted their worst weekly performances of 2019 amid growing concerns of a possible economic slowdown around the world.
Stocks in Asia Tuesday got a slight boost after British Prime Minister Theresa May got legally binding assurances from the EU over the most contentious part of the deal, the Irish backstop.