US index futures drop, indicate weak opening on Wall Street

FXStreet (Mumbai) – The major US equity index futures fell, indicating losses are on the way for a fifth consecutive session, after Chinese equity markets fell more than 8%.

The DJIA futures are down 0.37% or 63 points to trade at 17,460. The S&P futures are down 0.325 or 6 points at 2070.95. The NASDAQ futures trade at 4540.40; down 0.47% or 21.35 points.

The risk-on sentiment took a hit as China’s Shanghai Composite Index fell 8.48%; its worst single day drop since 2007. The rout dragged major European equity indices lower, thereby dragging the US index futures lower.

The futures could be influenced by the US durable goods data due at 12:30 p.m. GMT. Investors are also watching the earnings season, with more than 170 members of the S&P 500 due to report this week.

The major US equity index futures fell, indicating losses are on the way for a fifth consecutive session, after Chinese equity markets fell more than 8%.

(Market News Provided by FXstreet)