Stock

Futures movers: Dow futures slide practically 300 factors as market worries mount

U.S. stock index futures fell Sunday night after a week of losses on Wall Street amid concerns over Fed policy and the fast-spreading Omicron variant of COVID-19.

Dow Jones Industrial Average futures
YM00,
-0.73%
slipped about 250 points, or 0.7%, at 11:45 p.m. Easter on Sunday. S&P 500 futures
ES00,
-0.89%
down 0.9%, or 40 points, while Nasdaq 100 futures
NQ00,
-0.99%
slipped 1%, or 155 points. Oil prices also fell with the West Texas Intermediate Crude front month
CL.1,
-2.95%
fell nearly $ 2 a barrel and Brent crude on Sunday night
BRN00,
-2.67%,
the global benchmark, looks similar.

The Dow
DJIA,
-1.48%
down more than 500 points, or 1.5%, on Friday, and the S&P 500
SPX,
-1.03%
and Nasdaq Composite
COMP,
-0.07%
follow him deeper. Over the course of the week, the Dow was down 1.7%, the S&P 500 was down 1.9% and the Nasdaq was down 3%.

Last week's losses came as investors weighed the Fed's restrictive swing, accelerated the reduction in monthly bond purchases, and predicted three rate hikes for next year.

On Sunday, President Joe Biden's signed $ 2 trillion spending plan appeared doomed when Senator Joe Manchin, DW.Va., said he could not support it – potentially a major political loss to Biden and the Democrats bestowed.

Meanwhile, new COVID-19 cases are skyrocketing in many parts of the world, fueled by the rapid spread of Omicron. Dr. Anthony Fauci said Sunday that he was expecting record cases of COVID-19 this winter and urged people to get vaccinated and get boosters.

Wall Street has a shortened week ahead of it, with markets closed on Friday for the Christmas holidays.

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