From Investing.com: 2024-09-04 05:52:40

U.S. equity futures fell, extending sharp losses amid economic slowdown concerns. Dow futures down 65 points, S&P 500 futures dropped 14 points, and Nasdaq futures slumped 75 points. Wall Street indices suffered a sharp selloff on Tuesday, with the Dow losing over 600 points, S&P 500 falling 2.1%, and Nasdaq slumping 3.3%.

Nvidia stock suffered its biggest one-day drop ever, losing over 9% and $279 billion in market cap. The FTC issued civil investigative demands to Nvidia and others. Market volatility is high ahead of the crucial U.S. jobs report on Friday. Job openings data for July expected to show a decrease from 8.184 million in June.

Corporate earnings movements: Zscaler shares down 15%, Asana down 14%, and Pagerduty down 14%. Clover Health Investments gained 6%, and Gitlab shares rose 18% on strong results. Investors await the August U.S. jobs report for insights into the Fed’s interest rate decision.

Crude prices slip amid growth concerns and potential Libyan exports. Brent contract down 0.2% to $73.59 per barrel, and WTI crude futures trade 0.2% lower at $70.21 a barrel, after both dropping 4% on Tuesday to their lowest since December. Political developments in Libya may ease the output cut and boost exports.



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