Futures for U.S. stocks declined Friday morning as the Federal Reserve indicated it was not in a rush to continue lowering interest rates and the postelection surge faltered.
156 points, or 0.36%, were taken off futures linked to the Dow Jones Industrial Average.
Approximately 0.51% was lost by S&P 500 futures and 0.76% by Nasdaq 100 futures. Following Applied Materials’ poor revenue forecast for the current quarter, the company’s shares, which manufacture equipment for the chip industry, dropped more than 8% in early trading.
Following Berkshire Hathaway’s announcement of a new investment in the pizza restaurant, Domino’s Pizza saw a more than 7% increase.
Source (CNBC)
