Dow Futures Jump 268 Points as Brent Eases to $97.75 After Oil-Led Selloff
Updated
Updated · CNBC · Jul 24
Dow Futures Jump 268 Points as Brent Eases to $97.75 After Oil-Led Selloff
3 articles · Updated · CNBC · Jul 24
Summary
Dow futures rose 268 points, or 0.5%, early Friday, while S&P 500 and Nasdaq-100 futures added 0.2% and 0.1% after Thursday’s broad market slide.
Brent crude eased to about $97.75 after topping $100 this week, helping steady sentiment after oil’s spike and weak megacap earnings hit equities.
Thursday’s losses were steep: the Dow fell more than 500 points, the S&P 500 dropped 1.2%, and the Nasdaq slid 2.2%—their worst one-day declines since June 23 for the latter two indexes.
Tesla sank nearly 15% after a second-quarter earnings miss, while Alphabet lost 7% after raising full-year capital-expenditure guidance, deepening pressure on tech-heavy indexes.
Markets remain tied to Middle East risk after Trump said he is close to deciding on a 'massive attack' on Iran, as U.S. forces completed a 13th straight night of strikes.