Stock futures slide amid headwinds from China, with minutes ahead of the Fed: Stock market news today

Stock futures fell on Wednesday as traders returning from Independence Day watched headwinds for the global economy and braced for the release of Federal Reserve minutes.

Futures on the S&P 500 (^GSPC) were down about 0.4%, while those on the Dow Jones Industrial Average (^DJI) were down about 0.4%. Nasdaq 100 futures fell about 0.6%.

A surprisingly sharp fall in Chinese services activity has fueled concerns about the health of the world’s second-largest economy, amid rising tensions in the trade war between the United States and China.

Shares of Rivian (RIVN) rose nearly 4% pre-market, looking to extend Monday’s 17% rally, after Amazon said it would roll out the electric vehicle maker’s first pickup trucks in Germany .

Minutes from the Fed’s June meeting could shed light on policymakers’ decision to simultaneously delay a rate hike, while signaling more hikes to come. This information will prepare investors for the crucial June jobs report on Friday.

This content is not available due to your privacy preferences.

Update your settings here to see it.

Click here for the latest stock market news and in-depth analysis, including events moving stocks

Read the latest financial and business news from Yahoo Finance

Leave a Comment