Early Friday saw little movement in S&P 500 futures as the major averages fell in response to Walmart, the retail behemoth, releasing a poor earnings projection.
Futures for the S&P 500 were flat, but those for the Nasdaq-100 were up 0.3%.
Following a Wall Street Journal story stating that the Justice Department is investigating UnitedHealth, shares of the insurer fell, causing Dow Jones Industrial Average futures to drop 153 points, or 0.3%.
The Dow dropped 450 points during a dismal session that traders are just finishing off.
The Nasdaq Composite sank almost 0.5%, and the S&P 500 shed 0.4%, retreating from its recent all-time highs.
Apart from Walmart’s 6.5% loss, investors cited a variety of factors for the market’s sell-off, such as dwindling Palantir shares and persistent inflationary worries.
Source (CNBC)
