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Mar 12, 2019

US Future Indications Update on March 12, 2019 | US stock futures dip after Monday's rally, Boeing slumps again

Fred Imbert, Spriha Srivastava





U.S. stock index futures traded lower on Tuesday as investors digested sharp gains from the previous session.
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.
Investor attention will be firmly focused on the Brexit deal in the U.K. when British Members of Parliament (MPs) vote Tuesday evening on whether to accept or reject May’s deal ahead of the scheduled March 29 departure from the EU.

Source: CNBC

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