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US equity futures showed a slight rebound after yesterday's liquidation.
During Asian trading, the Dow Jones Industrial Average's futures contracts rose 29 points, indicating a gain of 77.58 points on Thursday's opening. The S & P 500 and Nasdaq 100 futures also posted slight gains.
Overnight on Wall Street, the Dow Jones Industrial Average lost 608.01 points to 24,583.42 points and erased all of its gains for 2018. The S & P 500 fell 3.1% to close at 2 656.10 and also became negative for the year. The Nasdaq Composite fell 4.4% to 7,108.40 – entering the correction territory.
The Cboe Volatility Index (VIX), widely regarded as the best indicator of fear in the market, jumped more than 21% to 25.23. The index is up more than 100% this month.
Experts pointed to several factors that have affected market sentiment in recent weeks. They include a disappointing revenue, a growing conflict between Italy and the European Union over budget spending, international criticism directed against Saudi Arabia as a result of the assassination of a dissident journalist and worried about global growth.
Added to this list of concerns is the lingering uncertainty surrounding the US-China trade war, which some investors believe could weigh on 2019 earnings.
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