• 120
  • 19
  • Favorite

Stock futures trade lower following tech selloff

Tiger Newspress2021-12-17

U.S. equity futures traded lower ahead of the final Wall Street session of the week.

The major futures indexes suggested a decline of 0.7% on the Nasdaq, which fell 2.5% on Thursday in a tech selloff.

U.S. shares dropped a day after theFederal Reserve said it was preparing to begin raising rates next year to fight inflation.

Traders were also considering other moves by global central banks. The Bank of England became the first central bank among leading economies to raise interest rates to fight inflation. The European Central Bank still plans to trim its pandemic stimulus, but not abruptly.

The Bank of Japan said Friday it would reduce some of its pandemic support measures, reducing purchases of corporate bonds to pre-crisis levels after March. It also extended by six months extra support for lending to small companies. But its board meeting otherwise kept ultra-loose monetary policy mostly unchanged.

Shares fell in Asia on Friday after technology companies led Wall Street benchmarks lower.

Tokyo’s Nikkei 225 index dropped 1.8%, Hong Kong’s Hang Seng lost 1.2% and China's Shanghai Composite index gave up 1.2%.

In Europe, London's FTSE added 0.1%, Germany's DAX slipped 0.4% and France's CAC was off 0.3%.

In commodities, Brent crude fell 1.6% to $73.8 a barrel. Gold rose 0.6% to $1,809.20 a troy ounce.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment19

  • Lucky_Leg
    ·2021-12-20
    Noted
    Reply
    Report
  • JeremyKok
    ·2021-12-19
    From another point of view, Santa has arrived to present us with gifts by giving us the opportunity to buy our research stocks at lower prices. Please do your own due diligence before you invest. Merry Christmas in advance and ho ho ho.
    Reply
    Report
    Fold Replies
    • b1uesky
      like
      2021-12-23
      Reply
      Report
    • OneZeroKing
      [Grin]
      2021-12-21
      Reply
      Report
    • SSVC
      K
      2021-12-21
      Reply
      Report
    View more 2 comments
  • PrimeBlue
    ·2021-12-18
    Time to exit into finance
    Reply
    Report
  • Phyusin
    ·2021-12-17
    Please up
    Reply
    Report
  • Dazhu
    ·2021-12-17
    Oh no
    Reply
    Report
  • bobsk
    ·2021-12-17
    Everything red now haha
    Reply
    Report
  • haircut
    ·2021-12-17
    Tonight will be better 
    Reply
    Report
    Fold Replies
    • CCCH
      no, tonight down again
      2021-12-17
      Reply
      Report
  • Derrick0359
    ·2021-12-17
    Pls comment
    Reply
    Report
    Fold Replies
    • JeremyKok
      hi. please like and comment back. thank you.
      2021-12-19
      Reply
      Report
    • LittleTeemo
      Ok
      2021-12-17
      Reply
      Report
  • Lim8558
    ·2021-12-17
    L
    Reply
    Report
  • carceng
    ·2021-12-17
    Like please
    Reply
    Report
  • dearpat
    ·2021-12-17
    Tech sell off like crazy! Santa stocks!
    Reply
    Report
  • adioman
    ·2021-12-17
    Oh
    Reply
    Report
    Fold Replies
  • assassinyj
    ·2021-12-17
    😂 
    Reply
    Report
  • meurasian77
    ·2021-12-17
    santa claus rally my @$$
    Reply
    Report
    Fold Replies
  • Stevesiah
    ·2021-12-17
    Hope it rebounds tonight 
    Reply
    Report
    Fold Replies
    • Ti82
      Yeah
      2021-12-17
      Reply
      Report
  • VaanWu
    ·2021-12-17
    Ko
    Reply
    Report
    Fold Replies
    • VaanWu
      Ok
      2021-12-17
      Reply
      Report
  • thecham
    ·2021-12-17
    Ok
    Reply
    Report
  • TATAN
    ·2021-12-17
    Pls like
    Reply
    Report
    Fold Replies
    • JeremyKok
      hi. please like and comment back. thank you.
      2021-12-19
      Reply
      Report
  • carrotman
    ·2021-12-17
    When will the selling stop?
    Reply
    Report
    Fold Replies
    • VaanWu
      Oknp
      2021-12-17
      Reply
      Report
    • Goldox
      Seems never ending...
      2021-12-17
      Reply
      Report
    • Phyusin
      Yes want to know
      2021-12-17
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial