Dow futures slide by 300 points

Wednesday, January 27, 2021

U.S. Stock futures fell early Wednesday as investors pored through mixed earnings from major companies and awaited the latest policy decision from the Federal Reserve, CNBC reports

Dow futures lost 330 points, or 1.1 percent and S&P 500 futures dropped by 1.1 percent. The tech-heavy Nasdaq 100 futures dipped by 0.9 percent. The S&P 500 and the Nasdaq Composite both hit intraday record highs in the previous session.

Boeing fell by more than 4 percent after its earnings report showed 2020 net loss hit a record of US$11.9 billion amid the 737 Max grounding and the coronavirus pandemic.