Dow futures drop by more than 150 points

Business | 16 Jul 2020 8:27 pm

U.S. stock futures fell on Thursday with investors focused on earnings results and looking ahead to the weekly U.S. jobless claims report, CNBC reports.

Dow Jones Industrial Average futures traded 161 points lower, or 0.6 percent. S&P 500 futures dipped by 0.6% and Nasdaq-100 futures were off by 1.2 percent.

Bank of America shares fell by more than 2 percent as it set aside US$4 billion for coronavirus-related losses. Dow member Johnson & Johnson traded 0.8 percent lower despite posting better-than-expected results.-AP

 

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