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U.S. Stock Futures Flat after Selloff

Published 19/08/2021, 10:19 am
© Reuters.
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By Oliver Gray

Investing.com - U.S. Stock futures were little changed in early APAC trade on Thursday, following the second consecutive session of declines yesterday as market participants retreated from riskier assets after the Federal Open Market Committee meeting minutes showed that policymakers made plans to taper the pace of monthly bond purchases before the end of 2021.

In the regular session on Wednesday, the Dow Jones Industrial Average dipped 382.61 points or 1.08% to 34960.68, the S&P 500 fell 47.81 points or 1.07% to 4400.26 and the NASDAQ Composite lost 130.27 points or 0.89% to 14525.91.

Among stocks, Robinhood Markets Inc (NASDAQ:HOOD) dumped 9.34% in after-hours trading after reporting its first earnings results, while NVIDIA Corporation (NASDAQ:NVDA) climbed 2.31% in extended trade as earnings and revenue came in above Wall Street estimates amid strong graphics cards sales.

Investors will monitor new jobless claims data set to be released later in the session, with market expectations of 365,000, slightly below the total of 375,000 in the prior week.

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