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BREAKING - Futures Slip After Strong Wall Street Rally as Biden Edges Closer to White House

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BREAKING - Futures Slip After Strong Wall Street Rally as Biden Edges Closer to White House

New York (Reuters) - U.S. stock index futures slipped on Friday after a sharp rally pushed the S&P 500 up more than 7% this week, with investors betting on a divided Congress that would prevent any major industry policy changes and threaten corporate profits.

The benchmark S&P 500 .SPX is on course for its best week since April after rallying for four straight days, while the tech-heavy Nasdaq .IXIC has jumped 6.5% since the Nov. 3 election as the prospect of the policy gridlock in Washington eased worries about tighter regulations on Big Tech.

At 1:54 a.m. (ET), Dow e-minis 1YMcv1 were down 131 points, or 0.46%, S&P 500 e-minis EScv1 were down 20 points, or 0.57%, and Nasdaq 100 e-minis NQcv1 were down 118.5 points, or 0.98%.

Read more from the original article: https://www.reuters.com/articl...


Edited 06 Nov 2020, 08:06

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