US stocks futures head south a day after Fed ends QE
Thursday, 30 October 2014
US stock futures pointed to a lower start for Wall Street on Thursday, after what most see as a more hawkish view out of the Federal Reserve. Futures for the S&P 500 index SPZ4,-0.43% fell 11 points to 1,961.10, while those for the Dow Jones Industrial Average DJZ4,-0.17% fell 78 points, or 0.5%, to 16,846. Dow industrials component Visa might temper some of the Dow’s losses in Thursday trading, after the credit card company reported better than expected quarterly results late Wednesday. Meanwhile, Futures for the Nasdaq-100 index NDZ4,-0.63% were off 24.75 points to 4,047.50. The dollar rose against the euro EURUSD,-0.41% and the yen USDJPY,+0.16% — briefly tapping its highest levels since early October against the Japanese currency — as investors absorbed the Fed outcome. Gold GCZ4, -1.66% slid 1.6%, while crude-oil prices CLZ4, -1.02% were off nearly a full 1%. European stocks SXXP,-0.90% SXXP,-0.90% pulled back, while Asian stocks saw mostly moderate gains, outside of a 0.4% drop for Hong Kong’s Hang Seng Index HSI,-0.49%, according to marketwatch.com